IMCD shares falls after announcing CEO transition

Azelis NV

24/04/2025 08:30

** Shares in Dutch speciality chemicals maker IMCD NV IMCD.AS are down more 8.3% after the company announced a transition in its CEO

** Valerie Diele-Braun will step down as CEO 'for personal reasons,' effective right away, and is replaced by Marcus Jordan

** Jefferies notes that change comes one day prior to their Q12025 results for which consensus expected a 13% higher EBITDA, while competitor Azelis AZE.BR just reported an EBITDA 9% below consensus

** KBC Securities says this transition has "no impact on our investment case," nor "on our business case" - maintaining a "buy" rating and TP of EUR 154

** Shares on track for its worst day since mid June 2022

** The company is among the worst performers on STOXX 600 index .STOXX​

 (Reporting by Johan Bodinier in Gdansk)

 ((johangeorgesroger.bodinier@thomsonreuters.com))