IMCD GROUP : Preview Q1 24 results (26 April)
>Slow but steady improvement - IMCD is set to report results for the fourth quarter on April 26. For the group, we forecast Q1 revenues of € 1,197m (+3% yoy and in line with BB ccs). We are relatively more optimistic on operating EBITA and conversion margins vs ccs mainly given the first time inclusion of several relatively large acquisitions as well as assumed stabilisation of end-markets (though we note that ccs estimates are scarce). We estimate € 148m operating EB...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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