IMCD GROUP : 3Q results – continued strong momentum
>Another strong quarter - 2022 continues to be a strong year for IMCD with group revenues for the third quarter of € 1,194m, up 38% yoy and 7% ahead of Bloomberg consensus. FX continued to be a tailwind for the company (+7% over the quarter). Similarly, gross profit came in at € 299m (+40% yoy) generating another historically high gross profit margin of 25.0%. We continue to believe that this improvement was predominately the consequence of continued supply chain disr...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.