Rotterdam-based specialty chemicals distributor IMCD Group has reported first-quarter 2026 results showing resilient earnings and continued cash generation, even as macroeconomic and geopolitical pressures persist.

 

The company posted revenue of €1,267 million, up 6% on a constant currency basis, while gross profit edged up to €312 million (+1%). Operating EBITA came in at €130 million, down 2% on a constant currency basis, reflecting tougher year-on-year comparisons.

 

Despite the dip in profitability, cash generation strengthened. Free cash flow rose sharply by 19% to €121 million, compared with €102 million in the same period last year. Cash earnings per share stood at €1.46, slightly below the prior year’s €1.55.

 

IMCD also completed the acquisitions of Dong Yang FT in South Korea and Willows Ingredients in Ireland, continuing its expansion strategy across key specialty chemicals and ingredients markets.

 

CEO Marcus Jordan pointed to resilience in performance amid uncertainty, stating:

"We have delivered a solid Q1, against strong Q1 2025 comparables, with increased free cash flow and a robust cash conversion margin. Global uncertainty persists, further intensified by the recent conflict in the Middle East, and in these challenging times it is critical to remain a reliable partner for both customers and suppliers. 

 

"Supported by our diversified business model and advanced digital and supply chain management capabilities, we will continue to create value for our stakeholders."

 

The results underline a mixed but stable start to 2026 for IMCD, with growth in revenue and cash flow offset by mild pressure on margins as global conditions remain volatile.