IMCD N.V. Reports Earnings Results for the Half Year Ended June 30, 2023
August 04, 2023 at 01:46 pm IST
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IMCD N.V. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was EUR 2,287.15 million compared to EUR 2,317.93 million a year ago. Revenue was EUR 2,298.14 million compared to EUR 2,328.95 million a year ago.
Net income was EUR 152.7 million compared to EUR 177.05 million a year ago. Basic earnings per share from continuing operations was EUR 2.68 compared to EUR 3.11 a year ago. Diluted earnings per share from continuing operations was EUR 2.72 compared to EUR 3.15 a year ago.
IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).