IMCD GROUP : A rebound in operating EBITA in Q2 24 bodes well for H2 24
>Back to yoy growth driven by M&A and on the back of easier comps - IMCD reported operating results that were above ccs and roughly in line our estimates. Q2 24 group revenues came in at € 1,224m, +9% yoy yoy and +2% vs ccs. M&A continued to play an important role, pushing yoy growth in the positive. IMCD’s Q2 24 conversion margin was a healthy 46.0%, just slightly down vs last year, sustaining operating EBITA which was up to € 143m for the quarter (+9% yoy), +6% vs c...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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