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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBITA
Beat
EUR 130 mln
EUR 121.60 mln (1 Analyst)
Q1 Free Cash Flow
EUR 121 mln
Q1 Gross Profit
EUR 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.)