IMCD jumps on Q3 organic growth
** Shares in IMCD IMCD.AS rise 5.3% after the Dutch specialty chemicals maker posted Q3 results showing a "return to organic growth across all regions," says KBC
** "This could result in positive momentum," broker adds
** Jefferies points that 3Q24 EBITA increased 11% to 133.5 million euros, in line with consensus, driven by an organic revenue growth recovery of 5.5% (vs. a decline of 3.8% in 1H24)
** It says all regions are showing an organic recovery despite a volatile global economic environment
** "We expect FY24E consensus EBITA will remain broadly unchanged." -Jefferies
** "We recently hosted Johan Scholten, former IMCD Managing Director Benelux, who believes an organic growth recovery is likely in FY25E," broker adds
** If gains hold, share on track for a best day since August 2, 2024
Reporting by Dimitri Rhodes
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