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IMCD IMCD NV News Story

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Netherlands' IMCD Q1 revenue rises 6%, free cash flow up 19%

Overview

Netherlands specialty chemicals distributor's Q1 revenue rose 6% on constant currency basis

Gross profit for Q1 up 1% on constant currency basis

Company completed acquisitions in South Korea and Ireland during the quarter

Outlook

Company cites ongoing global uncertainty, intensified by conflict in the Middle East

IMCD says it will focus on reliability and value creation amid challenging conditions

Result Drivers

DIVERSIFIED MODEL - CEO said results were supported by a diversified business model and advanced digital and supply chain management capabilities

GLOBAL UNCERTAINTY - CEO cited persistent global uncertainty, intensified by conflict in the Middle East, as a challenge during the quarter

Company press release: ID:nGNE9xbv9T

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EBITABeatEUR 130 mlnEUR 121.60 mln (1 Analyst)
Q1 Free Cash FlowEUR 121 mln
Q1 Gross ProfitEUR 312 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the specialty chemicals peer group is "buy" Wall Street's median 12-month price target for IMCD NV is €110.00, about 13.1% above its April 29 closing price of €97.22 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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