More news
- Nigeria’s paint industry navigates regulatory changes and economic challenges amid p...
- Focus on the global coatings market: Global coatings market outlook
- Ask Joe Powder – October 2024
- Chinese paint majors look to domestic consumer sales as commercial real estate slumps
- Architectural coatings in Nepal and Bhutan
IMCD N.V., a global leading distribution partner and formulator of speciality chemicals and ingredients, has released its first half year 2024 results.
Highlights
• Gross profit increase of 4% to €607M (+5% on a constant currency basis)
• Operating EBITA decline of 4% to €270M (-2% on a constant currency basis)
• Free cash flow of €221M (first half of 2023: €241M)
• Cash earnings per share decline of 2% to €3.23 (first half of 2023: €3.28)
• Strengthening presence in various markets through 11 acquisitions year to date (India, Colombia, China, Malaysia, Australia/New Zealand, Latin America, Benelux, Italy, UK and Spain)
Valerie Diele-Braun, CEO, commented: “In the second quarter of the year, we delivered moderate organic EBITA growth based on a forex adjusted gross profit growth of 11%. This second quarter gross profit growth was a combination of organic growth and a positive contribution from recent acquisitions. We remain confident that our strong commercial teams, digital and logistic infrastructure and the resilience of our business model, will continue to contribute value to our stakeholders and sustain our growth trajectory.”
A full report can be found here: https://ml-eu.globenewswire.com/Resource/Download/2ca08d59-0a1c-406f-b9d3-e0cea0a3b259
