IMCD N.V. (IMCDY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, welcome to the IMCD 2025 First 9 Months Results Conference Call, hosted by Marcus Jordan, CEO, and Hans Kooimans, 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 Kooimans, for the 2025 first nine months results, which we published in a press release earlier this morning. The first nine months of 2025 were generally characterized by challenging market conditions as a result of continued macroeconomic uncertainty particularly around tariffs across all regions. This resulted in softer demand across a number of markets, limited order visibility, and just-in-time deliveries. Moving on to the first nine months' numbers, you will find a summary of our financial results on slide four, whereby, considering these continued challenging macroeconomic conditions, I am pleased with our gross profit growth in the first nine months, which is up 5% on a constant currency basis to 927 million euros. This increase is driven by a combination of organic performance, successful acquisitions, and resilient gross profit margins. EBITR also increased by 1% on a constant currency basis to 394 million euros, and our cash flow of 284 million euros was a bit lower compared with the first nine months of 2024. driven by a combination of a slightly lower EBITR and a modest increase in working capital investments. As we mentioned in the half-year call, we are actively working on reducing our inventory amount ba...