IMCD GROUP : Preview Q4 2023 (1 March)
>Continued pressure but improving comps - IMCD is set to report results for the fourth quarter on March 1. The company reported relatively weak Q3 23 results amidst challenging comps and macro-economic headwinds. We do not expect a significant improvement. For the group, we forecast Q4 revenues of € 1,123m (+3% yoy and +1% below BB ccs) based on -5.2% yoy organic growth, continued (but declining) FX headwinds, offset by +11.8% inorganic growth. We are relatively more ...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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