IMCD's shares rise on solid Q1 results and recovery expectations
25/04/2025 08:28
** Shares in IMCD IMCD.AS are up 5.5% after the Dutch speciality chemicals maker reported gross profit margin ahead of consensus ** The group's gross profit increased 40bp y/y to 25.8%, beating analysts' consensus estimate of 25.4% provided by the company ** "We are positively surprised with the strong gross profit margin," says KBC Securities ** Q1 EBITA rose 12% yoy to 142 million euros ($161.35 million), in line with analysts consensus estimates, driven by organic revenue growth in the Americas ** Despite uncertainty around the implementation of tariffs and their impact on the economy, IMCD remains optimistic about its growth, citing its robust commercial teams, digital and logistic infrastructure, and business model resilience, Jefferies says ** After a 9% drop in share price yesterday, attributed to weak results from Azelis and CEO transition, Jefferies expects a recovery on the back of IMCD's in-line Q1 results ** Stock at the top of the Amsterdam index .AEX, if gains hold, its shares are on track for their best day since November 2024 ($1 = 0.8800 euros) (Reporting by Anna Peverieri) ((Anna.peverieri@thomsonreuters.com))