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Press release IMCD IMCD reports 46 % EBITA growth in the first half of 2021 Rotterdam , The Netherlands ( 4 August 2021 ) - IMCD N.V. ( " IMCD " or " Company " ) , a leading distributor of speciality chemicals and ingredients , today announces its first half year 2021 results . HIGHLIGHTS Gross profit growth of 23 % to EUR 410.9 million ( + 28 % on a constant currency basis ) Operating EBITA increase of 46 % to EUR 192.3 million ( + 52 % on a constant currency basis ) Net result before amortisation and non - recurring items increase of 52 % to EUR 137.5 million ( + 57 % on a constant currency basis ) ● ● Cash earnings per share increased by 44 % to EUR 2.43 ( first half of 2020 : EUR 1.69 ) In the second quarter of 2021 , IMCD completed the acquisitions of Siliconas in Colombia , Andes Chemical in the US , Colombia and Peru and Yuanhe Chemicals in China Piet van der Slikke , CEO : " We are reporting very strong results for the first six months of the year . After a promising start of the year , the positive momentum continued into the second quarter and our teams across all regions were able to benefit optimally from the strong product demand . This has resulted in double digit growth numbers , with gross profit being up 23 % ( + 28 % on a constant currency basis ) , and operating EBITA being up 46 % ( + 52 % on a constant currency basis ) . All regions achieved substantial organic growth and contributed to the overall positive results . It remains to be seen how the pandemic will influence the current economic conditions , but we are optimistic that we can further execute our growth strategy successfully in the remainder of the year . " KEY FIGURES EUR MILLION Revenue Gross profit Gross profit in % of revenue Operating EBITA¹ Operating EBITA in % of revenue Conversion margin Net result before amortisation / non - recurring items Free cash flow³ Cash conversion margin4 Earnings per share ( weighted ) Cash earnings per share ( weighted ) 5 JAN . 1- JUNE 30 , 2021 1,673.9 410.9 24.5 % 192.3 11.5 % 46.8 % 137.5 118.1 61.0 % 1.85 2.43 JAN . 1 - JUNE 30 , 2020 3,516 1,411.2 332.7 23.6 % 131.4 9.3 % 39.5 % 90.2 76.3 57.4 % 1.22 1.69 CHANGE 3,049 262.7 78.2 0.9 % 60.9 2.2 % 7.3 % 47.3 41.8 3.6 % 0.63 0.74 CHANGE 467 19 % 23 % 46 % 52 % 55 % 52 % 44 % FX ADJ . CHANGE 15 % 23 % 28 % Number of full time employees end of period 1 Result from operating activities before amortisation of intangibles and non - recurring items 2 Operating EBITA in percentage of gross profit 3 Operating EBITDA excluding non - cash share - based payment expenses , less lease payments , plus / less changes in working capital , less capital expenditures 4 Free cash flow in percentage of adjusted operating EBITDA ( operating EBITDA plus non - cash share - based payment costs minus lease payments ) 5 Result for the year before amortisation ( net of tax ) divided by the weighted average number of outstanding shares 52 % 57 % 56 % 48 % Creating a world of opportunity