Added to YB: 2026-08-13
Pitch date: 2026-08-11
IMCD.AS [neutral]
IMCD N.V.
-1.82%
current return
Author Info
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Company Info
IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.
Market Cap
EUR 5.8B
Pitch Price
EUR 97.68
Price Target
N/A
Dividend
1.85%
EV/EBITDA
13.38
P/E
25.07
EV/Sales
1.48
Sector
Trading Companies and Distributors
Category
growth
IMCD (IMCD Netherlands): Earnings accelerate while deleveraging restores M&A capacity
IMCD.AS (update): Specialty chem distributor accelerating in H2: rev/gross profit ~9%, adj EBITA ~13% growth vs H1's 6.7%/3.6%. EMEA & APAC drive gains; Americas returns to growth. Q2 44.9% conversion unsustainable but normalizing healthily. Leverage 2.8x→2.5x YE, <2x by 2027, reopening M&A capacity. Rerating potential if double-digit EBITA growth sustained.
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