IMCD Reports Q1 Sales Growth and Stronger Cash as EBITA Eases, Completes Two Acquisitions

Overview

• IMCD, which reported Thursday, posted revenue of EUR 1.267 billion up 6% at constant exchange rates, gross profit of EUR 312 million up 1%, and operating EBITA of EUR 130 million down 2%.
• Free cash flow rose 19% to EUR 121 million, while cash earnings per share declined to EUR 1.46 from EUR 1.55 a year earlier.
• The company closed two bolt-on deals, acquiring South Korea’s Dong Yang FT and Ireland’s Willows Ingredients to broaden its regional reach.
• CEO Marcus Jordan said global uncertainty tied to the recent Middle East conflict is raising supply risks and highlighted IMCD’s digital tools and supply chain capabilities to keep service reliable.
• At its AGM the same day, shareholders approved all items, including a EUR 1.81 cash dividend with ex-dividend on May 5, record on May 6, and payment on May 8.