Stock Analysis
- Netherlands
- /
- Trade Distributors
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- ENXTAM:IMCD
IMCD Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
IMCD (AMS:IMCD) Full Year 2023 Results
Key Financial Results
- Revenue: €4.46b (down 3.4% from FY 2022).
- Net income: €292.3m (down 6.6% from FY 2022).
- Profit margin: 6.5% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: €5.14 (down from €5.50 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IMCD EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 8.8%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 8.7% from a week ago.
Valuation
If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates IMCD could be one stock to be wary of. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ENXTAM:IMCD
IMCD
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.