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Press release IMCD reports 51 % EBITA growth in the first nine months of 2021 IMCD Rotterdam , The Netherlands ( 9 November 2021 ) - IMCD N.V. ( " IMCD " or " Company " ) , a leading distributor of speciality chemicals and ingredients , today announces its first nine months 2021 results . HIGHLIGHTS Gross profit growth of 28 % to EUR 620.8 million ( + 30 % on a constant currency basis ) Operating EBITA increase of 51 % to EUR 286.4 million ( + 54 % on a constant currency basis ) Net result before amortisation and non - recurring items increase of 54 % to EUR 202.0 million ( + 58 % on a constant currency basis ) Cash earnings per share increased by 44 % to EUR 3.54 ( first nine months of 2020 : EUR 2.46 ) In the third quarter of 2021 , IMCD completed the acquisition of Maquimex in Mexico and signed an agreement to acquire Aquatech in China . ● ● · Piet van der Slikke , CEO : " We have delivered strong results in the first nine months of this year . Despite constraints in the supply chains , our committed team was able to benefit from strong demand and further expanded and leveraged our commercial relationships . Operating EBITA was up with 51 % ( fx . adjusted + 54 % ) or EUR 96.5 million and we realised a healthy cash flow of 204.5 EUR million ( + 21 % ) in the first nine months of this year . All regions delivered double digit operating EBITA growth numbers . We further successfully executed our growth strategy by two acquisitions in China and Mexico in the third quarter of this year . Although we foresee continuing supply chain challenges in the remainder of the year , we are confident that our well - established commercial , digital and logistic infrastructure , enables us to realise our sustainable growth ambitions . " 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 flow Cash conversion margin Earnings per share ( weighted ) Cash earnings per share ( weighted ) 5 JAN . 1 - SEPT . 30 , 2021 2,537.1 620.8 24.5 % 286.4 11.3 % 46.1 % 202.0 204.5 70.8 % 2.66 3.54 JAN . 1 - SEPT . 30 , 2020 2,082.3 485.7 23.3 % 189.9 9.1 % 39.1 % 130.8 168.3 87.5 % 1.74 2.46 CHANGE 3,095 454.8 135.1 1.2 % 96.5 2.2 % 7.0 % 71.2 36.2 ( 16.7 % ) 0.92 1.08 CHANGE FX ADJ . CHANGE 484 22 % 28 % 51 % 54 % 21 % 53 % 44 % 24 % 30 % 16 % 54 % Number of full time employees end of period 3,579 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 58 % 56 % 47 % Creating a world of opportunity