IMCD NV (WBO:IMCD)

€ 142.4 1 (0.71%) Market Cap: 8.38 Bil Enterprise Value: 9.41 Bil PE Ratio: 28.92 PB Ratio: 4.63 GF Score: 91/100

Half Year 2019 IMCD NV Earnings Call Transcript

Aug 16, 2019 / 08:00AM GMT

Transcript

Operator

Ladies and gentlemen, thank you for holding, and welcome to the Analyst Call First Half Year 2019 Results from IMCD. (Operator Instructions)

I would like to hand over the conference to Mr. Piet van der Slikke. Go ahead, please, sir.

Pieter C.J. van der Slikke

IMCD N.V. - CEO & Member of Management Board

Yes. Welcome to everyone. Hans Kooijmans and I will be happy to answer your questions regarding our press release containing the half year 2019 results.

We have reported 17% EBITA growth in the first half year. After the strong first quarter, the second quarter, in particular, towards the end saw the market softening resulting in reduced growth of our results. Overall, however, the first 6 months were satisfactory with strong free cash flow and growth of cash earnings per share of 22%.

Looking at the different regions. EMEA reports a 1% growth of EBITA and 3% ForEx adjusted. Business sentiments weakened in the second quarter, which is most strongly felt in Germany. The Americas showed good growth, plus 49% operating EBITA growth

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