IMCD N.V. (IMCDY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to IMCD's 2026 half-year results conference call, hosted by Marcus Jordan, CEO, and Hans Kooijmans, CFO. For the first part of this call, all participants will be in listen-only mode, and afterwards there will be a question and answer session. If you wish to ask a question, please press pound key 5 on your telephone keypad. I would now like to give the floor to Marcus Jordan. Mr. Jordan, please go ahead. Thank you very much, Elba. Good morning to you all and a warm welcome. I'm Marcus Jordan and I'm here today with our CFO, Hans Kooijmans, for the 2026 half-year results which we published in a press release earlier this morning. We had a positive first half of the year with both gross profit and EBITR organic growth and a strong cash conversion. When looking at the overall business during the first half of the year, I'm proud of how our teams navigated the dynamic environment which included the majority of our suppliers implementing price increases. The magnitude of these price increases varied significantly with the larger specialty part of the portfolio generally receiving much lower percentage increases and showing less volatility than our smaller semi-specialty component. We as IMCD have been particularly careful and responsible when passing on price increases as we maintain our focus on long-term partnerships with our customers and suppliers. If we now move on to the business from a demand perspective, As Hans and I highlighted on our last call, we did not see any significant pre-buying in Q1, but we did see some at the beginning of the second quarter. Although I must say that the amount appears to have been relatively limited, as we believe customers learned valuable lessons from post-COVID when they overstocked and ended up with high-priced i...