IMCD NV (FRA:INX)
€ 137.85 0.6 (0.44%) Market Cap: 8.38 Bil Enterprise Value: 9.40 Bil PE Ratio: 28.43 PB Ratio: 4.56 GF Score: 89/100

Nine Months 2020 IMCD NV Earnings Call Transcript

Nov 11, 2020 / 09:00AM GMT
Release Date Price: €106.05 (+3.31%)
Operator

Good morning, ladies and gentlemen. Thank you for holding, and welcome to the analyst call Q3 results IMCD N.V. (Operator Instructions) I would now like to hand over the conference to Mr. Piet van der Slikke. Please go ahead, sir.

Pieter C.J. van der Slikke
IMCD N.V. - CEO & Member of Management Board

Thank you. Welcome, everybody. I'm here, as usual, with Hans Kooijmans. And together, we will answer your questions on the first 9 months and Q3. Despite the COVID-19 crisis, we report strong results. For the first 9 months, EBITA growth of 8% and even 11%, if you correct for ForEx. Q3 wasn't particularly strong with 11% growth of operating EBITA and even 17% when we adjust for currencies. All regions contributed to this success.

Furthermore, free cash flow is 21% above last year. We are very pleased to see that we are able to continue our business also in these difficult times and that we are even able to grow by margin expansion and cost control, although we are, like everybody else, affected in our top line. This is promising once this crisis goes

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