IMCD GROUP : Another strong quarter
>4Q20 operating EBITA 12% above consensus - On 26 February, IMCD reported 4Q20 results that were significantly above market expectations. Operating EBITA of € 64m was up 30% yoy, 12% above consensus and 13% above our forecast. This was mainly driven by Asia-Pacific, as operating EBITA of € 21m was up 107% yoy and 58% above our forecast.Asia-Pacific showing impressive growth - EMEA operating EBITA of € 32m was up 12% yoy, but 2% below our forecast, as ...IMCD Group is a specialty chemicals group based in the Netherlands. Co. is engaged in the sale, marketing and distribution of specialty chemicals and food ingredients globally. Co.'s business groups are Detergents, Pharma, Personal Care, Coatings, Food & Nutrition, Lubricants, Synthesis, Plastics and others. Co.'s product offering includes additives, antioxidants, extracts, preservatives, acids, lubricants, oils, softeners, wax, components for oral, topical and vaccine drug formulations, fragrances, pigments, solvents, resins, flavors, herbs and spices, surface active agents, and fillers, among others. Co. maintains offices and warehouses in Europe, Asia Pacific, Africa, the USA and Brazil.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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