IMCD NV (OTCPK:IMCDY)
$ 76.15 -1.76 (-2.26%) Market Cap: 9.20 Bil Enterprise Value: 10.21 Bil PE Ratio: 29.91 PB Ratio: 4.73 GF Score: 92/100

Q2 2023 IMCD NV Earnings Call Transcript

Aug 04, 2023 / 08:00AM GMT
Release Date Price: $70.1 (-2.00%)
Operator

Hello, and welcome to IMCD N.V. First Half Year 2023 Results. My name is Alicia, and I will be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions)

I will now hand you over to Pieter van der Slikke, CEO, to begin today's conference. Thank you.

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

Yes. Thank you very much, Alicia. Good morning, everybody. I'm here with Hans Kooijmans as usual, and we will answer your questions in a moment. In 2022, we reported an unprecedented growth of 48% of our operating EBITA under exceptional circumstances. The exceptional circumstances were the result of strong price increases and high demand, partly caused by supply issues. This year, and the first 6 months, we see the reverse, soft demands and price pressure in certain segments. This resulted in the first 6 months of 2023 in a flat revenue and a decrease of our operating EBITA of 6%, and ForEx adjusted minus 3% to EUR 280 million.

Q2 was particularly weak, which was mainly driven

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