Report
Stefano Toffano

IMCD GROUP : Organic growth solidly back into the positive (on easy comps)

>Steady recovery of organic growth - IMCD reported operating results that were in line with ccs and our estimates. Q3 24 group revenues came in at € 1,199m, +10% yoy and +1% vs ccs. M&A continued to play an important role (+7% yoy impact on revenues in Q3 24). Importantly, group organic growth accelerated to +5% yoy during the quarter (marginally positive in Q2 24 on AAOBe). Gross margins remain relatively resilient, at 25.2% in Q3 24, up from 25.0% in Q3 23. IMCD’s Q...
Underlying
IMCD N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stefano Toffano

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