Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ("IMCD" or "Company"), a leading international speciality chemicals-focused distributor, today announces the 2014 full year results.
Highlights
- 10% growth in revenue to EUR 1,358 million (+11% on a constant currency basis)
- Operating EBITA increased by 14% to EUR 110.0 million (+15% on a constant currency basis)
- Operating EBITA positively impacted with EUR 2.7 million due to changes in Dutch pension law
- Operating EBITA increased by 11% excluding pension adjustment (+13% on a constant currency basis)
- Net result EUR 54.3 million before amortisation and non-recurring items (2013: EUR 13.1 million)
- Cash conversion ratio improved to 83.9%
- Dividend proposal of EUR 0.20 in cash per share
Piet van der Slikke, CEO, commented: "The year 2014 proved to be busy, eventful and rewarding for IMCD. Obviously the listing on Euronext Amsterdam was a significant event for us. Looking at the business, market circumstances were not always easy but we still have been able to achieve strong results. I do believe that our business model provides the right platform to face the challenges of today's business environment. Looking forward I feel confident that we will be able to further strengthen our position as one of the leading distributors of specialty chemicals and food ingredients".
