IMCD NV
F:INX
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IMCD NV
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IMCD NV
IMCD is a specialty chemicals distributor. It buys ingredients and raw materials from chemical producers and sells them to manufacturers that need specific formulations, such as companies in food, pharmaceuticals, personal care, coatings, plastics, and industrial products. It is not a basic commodity trader; it focuses on harder-to-match specialty products that need technical knowledge and careful handling. The company makes money mainly by reselling these products through its distribution network. In many cases, it also adds value by helping customers choose the right ingredients, combining materials into workable formulas, handling local storage and logistics, and dealing with regulatory and technical requirements. Its customers are manufacturers that want a reliable local partner who can supply smaller, more tailored orders and help solve formulation problems. What makes IMCD’s business different is that it sits in the middle of the supply chain between global chemical makers and end-user manufacturers. Producers use IMCD to reach many smaller and more specialized customers across countries, while customers use IMCD to get access to a broad product range plus local technical support. That mix of distribution, application expertise, and customer service is the core of its business model.
IMCD is a specialty chemicals distributor. It buys ingredients and raw materials from chemical producers and sells them to manufacturers that need specific formulations, such as companies in food, pharmaceuticals, personal care, coatings, plastics, and industrial products. It is not a basic commodity trader; it focuses on harder-to-match specialty products that need technical knowledge and careful handling.
The company makes money mainly by reselling these products through its distribution network. In many cases, it also adds value by helping customers choose the right ingredients, combining materials into workable formulas, handling local storage and logistics, and dealing with regulatory and technical requirements. Its customers are manufacturers that want a reliable local partner who can supply smaller, more tailored orders and help solve formulation problems.
What makes IMCD’s business different is that it sits in the middle of the supply chain between global chemical makers and end-user manufacturers. Producers use IMCD to reach many smaller and more specialized customers across countries, while customers use IMCD to get access to a broad product range plus local technical support. That mix of distribution, application expertise, and customer service is the core of its business model.
Results: IMCD said first-half gross profit rose to EUR 658 million, EBITA to EUR 285 million, and free cash flow to EUR 222 million, with cash conversion at 76.2%.
Demand: Management said demand improved in Q2 after a soft Q1, with only limited prebuying and no major pullback seen so far in Q3.
Pricing: Price increases were broad-based across suppliers, but the biggest percentage hikes were in smaller semi-specialty and semi-commodity products, not the core specialty portfolio.
Regions: EMEA was the strongest and most stable region, while the Americas were better in Q2 but still held back by weak U.S. coatings and construction demand.
Costs: The company said cost control remained tight, with the cost base roughly flat versus last year and positive operating leverage returning in Q2.
M&A: IMCD completed three small acquisitions in H1 and said its deal pipeline remains healthy, though transactions are taking longer in the current market.