IMCD NV
IMCD.AS
Exchange: | AS |
Currency | Euro |
ISIN: | NL0010801007 |
LEI: | 724500NSJPNFJPDAUP02 |
Primary Ticker: | IMCD.AS |
Fiscal Year End: | December |
International Domestic: | International |
Sector: | Basic Materials |
Industry: | Specialty Chemicals |
Gic Sector: | Industrials |
Gic Group: | Capital Goods |
Gic Industry: | Trading Companies & Distributors |
Gic Sub Industry: | Trading Companies & Distributors |
Description: | IMCD N.V. 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. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives. It offers actives, UV sunscreens, rheology modifiers, thickeners, surfactants, emulsifiers, emollients, film formers, humectants, waxes, conditioners, hair styling polymers, solvent, solubilizers, pigments, pearls, powders and colorants, opacifiers, pearlizers, preservatives, antioxidants, fragrances, and essential oils. In addition, the company provides functional fillers, pigments, resins, and specialty solvents; taste, texture, nutrition, and function; and abrasives, acids, alkalines, anti-soil redeposition and foam control systems, bio-actives, biocides, bittering and bleaching agents, builders, capsules, chelating agents, concentrates/ready-to-use, corrosion and dye transfer inhibitors, disintegrants, dispersants, emulsifiers, enzymes, fluorinated polymers, oleo chemicals, optical brighteners, perfumes, dyes, phosphates, plasticisers, proteins, rheology modifiers and thickeners, silicones, solvents/diluents, TAED, UV-filters, and waxes. Further, it offers base oils; lubricants addictive; lubricants finished fluids; fuel additives; solvents, degreasers, and fuel compounds; and upstream, midstream, and downstream oil, gas, and energy. IMCD N.V. was founded in 1995 and is headquartered in Rotterdam, the Netherlands. |
Address: | Wilhelminaplein 32, Rotterdam, Netherlands, 3072 DE |
Website: | https://www.imcdgroup.com |
Full Time Employees: | 5014 |
Updated On: | 2024-11-04 |
Highlights
Market Capitalization: | 8280413184 |
Market Capitalization Mln: | 8280.41 |
EBITDA: | 513726016 |
PE Ratio: | 29.49 |
Wall Street Target Price: | 153.6 |
Book Value: | 30.72 |
Dividend Share: | 2.24 |
Dividend Yield: | 0.01 |
Earnings Share: | 4.93 |
EPS Estimate Current Year: | 6.19 |
EPS Estimate Next Year: | 6.82 |
EPS Estimate Next Quarter: | 1.56 |
Most Recent Quarter: | 2024-03-31 |
Profit Margin: | 0.06 |
Operating Margin TTM: | 0.09 |
Return On Assets TTM: | 0.06 |
Return On Equity TTM: | 0.16 |
Revenue TTM: | 4559273984 |
Revenue Per Share TTM: | 80.08 |
Quarterly Revenue Growth YOY: | 0.04 |
Gross Profit TTM: | 1167679000 |
Diluted Eps TTM: | 4.93 |
Quarterly Earnings Growth YOY: | -0.07 |
Valuation
Trailing PE: | 29.49 |
Forward PE: | 19.60 |
Price Sales TTM: | 1.81 |
Price Book MRQ: | 4.77 |
Enterprise Value: | 9365001453 |
Enterprise Value Revenue: | 2.06 |
Enterprise Value Ebitda: | 16.26 |
Shares
Shares Outstanding: | 56949200 |
Shares Float: | 56875741 |
Percent Insiders: | 1.75 |
Percent Institutions: | 75.92 |
Technicals
Beta: | 1.02 |
52 Week High: | 166.48 |
52 Week Low: | 116.05 |
50 Day MA: | 151.33 |
200 Day MA: | 145.36 |
Splits & Dividends
Forward Annual Dividend Rate: | 2.24 |
Forward Annual Dividend Yield: | 0.01 |
Payout Ratio: | 0.63 |
Ex Dividend Date: | 2024-05-16 |
Earnings
Report Date: | 2025-05-14 |
Date: | 2025-03-31 |
Before After Market: | After Market |
Currency: | EUR |
Report Date: | 2025-03-05 |
Date: | 2024-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Report Date: | 2024-11-08 |
Date: | 2024-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Report Date: | 2024-08-02 |
Date: | 2024-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.82 |
Eps Estimate: | 1.57 |
Eps Difference: | 0.25 |
Surprise Percent: | 15.92 |
Report Date: | 2024-03-01 |
Date: | 2023-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.73 |
Eps Estimate: | 1.39 |
Eps Difference: | 0.34 |
Surprise Percent: | 24.46 |
Report Date: | 2023-11-10 |
Date: | 2023-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.4 |
Eps Estimate: | 1.38 |
Eps Difference: | 0.02 |
Surprise Percent: | 1.44 |
Report Date: | 2023-08-04 |
Date: | 2023-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.54 |
Eps Estimate: | 2.15 |
Eps Difference: | -0.61 |
Surprise Percent: | -28.37 |
Report Date: | 2023-04-26 |
Date: | 2023-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.74 |
Report Date: | 2023-02-24 |
Date: | 2022-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.66 |
Eps Estimate: | 1.34 |
Eps Difference: | 0.32 |
Surprise Percent: | 23.88 |
Report Date: | 2022-11-10 |
Date: | 2022-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.66 |
Eps Estimate: | 1.71 |
Eps Difference: | -0.05 |
Surprise Percent: | -2.92 |
Report Date: | 2022-08-04 |
Date: | 2022-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 2.51 |
Eps Estimate: | 1.49 |
Eps Difference: | 1.02 |
Surprise Percent: | 68.45 |
Report Date: | 2022-04-29 |
Date: | 2022-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.29 |
Eps Estimate: | 1.43 |
Eps Difference: | -0.14 |
Surprise Percent: | -9.79 |
Report Date: | 2022-02-25 |
Date: | 2021-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.12 |
Eps Estimate: | 0.94 |
Eps Difference: | -0.82 |
Surprise Percent: | -87.23 |
Report Date: | 2021-11-09 |
Date: | 2021-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.11 |
Eps Estimate: | 1.02 |
Eps Difference: | 0.09 |
Surprise Percent: | 8.82 |
Report Date: | 2021-08-04 |
Date: | 2021-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.32 |
Eps Estimate: | 1.13 |
Eps Difference: | 0.19 |
Surprise Percent: | 16.81 |
Report Date: | 2021-04-29 |
Date: | 2021-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 1.11 |
Report Date: | 2021-02-26 |
Date: | 2020-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.85 |
Eps Estimate: | 0.63 |
Eps Difference: | 0.22 |
Surprise Percent: | 34.92 |
Report Date: | 2020-11-11 |
Date: | 2020-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.76 |
Eps Estimate: | 0.59 |
Eps Difference: | 0.17 |
Surprise Percent: | 28.81 |
Report Date: | 2020-08-18 |
Date: | 2020-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.76 |
Eps Estimate: | 0.55 |
Eps Difference: | 0.21 |
Surprise Percent: | 38.18 |
Report Date: | 2020-04-20 |
Date: | 2020-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.94 |
Eps Estimate: | 0.8 |
Eps Difference: | 0.14 |
Surprise Percent: | 17. |
Report Date: | 2020-02-27 |
Date: | 2019-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.83 |
Eps Estimate: | 1.15 |
Eps Difference: | -0.32 |
Surprise Percent: | -27.82 |
Report Date: | 2019-11-12 |
Date: | 2019-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.46 |
Eps Estimate: | 0.68 |
Eps Difference: | -0.22 |
Surprise Percent: | -32.35 |
Report Date: | 2019-08-16 |
Date: | 2019-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.77 |
Eps Estimate: | 0.87 |
Eps Difference: | -0.1 |
Surprise Percent: | -11.49 |
Report Date: | 2019-05-08 |
Date: | 2019-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.83 |
Eps Estimate: | 0.79 |
Eps Difference: | 0.04 |
Surprise Percent: | 5.06 |
Report Date: | 2019-03-01 |
Date: | 2018-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.44 |
Eps Estimate: | 1.22 |
Eps Difference: | -0.78 |
Surprise Percent: | -63.93 |
Report Date: | 2018-11-07 |
Date: | 2018-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.66 |
Eps Difference: | 0.66 |
Report Date: | 2018-08-17 |
Date: | 2018-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.61 |
Eps Estimate: | 1.33 |
Eps Difference: | -0.72 |
Surprise Percent: | -54.13 |
Report Date: | 2018-05-09 |
Date: | 2018-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.67 |
Eps Difference: | 0.67 |
Report Date: | 2018-03-02 |
Date: | 2017-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.65 |
Eps Estimate: | 1.06 |
Eps Difference: | -0.41 |
Surprise Percent: | -38.67 |
Report Date: | 2017-08-25 |
Date: | 2017-06-30 |
Before After Market: | After Market |
Currency: | EUR |
Eps Actual: | 0.82 |
Eps Estimate: | 1.16 |
Eps Difference: | -0.34 |
Surprise Percent: | -29.31 |
Report Date: | 2017-05-10 |
Date: | 2017-03-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.56 |
Eps Difference: | 0.56 |
Report Date: | 2017-03-08 |
Date: | 2016-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Estimate: | 0.86 |
Eps Difference: | -0.86 |
Surprise Percent: | -10 |
Report Date: | 2016-11-16 |
Date: | 2016-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.86 |
Eps Difference: | 0.86 |
Report Date: | 2016-03-16 |
Date: | 2015-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.46 |
Eps Estimate: | 0.42 |
Eps Difference: | 0.04 |
Surprise Percent: | 9.52 |
Report Date: | 2015-11-11 |
Date: | 2015-09-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.39 |
Eps Estimate: | 0.45 |
Eps Difference: | -0.06 |
Surprise Percent: | -13.33 |
Report Date: | 2015-08-14 |
Date: | 2015-06-30 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Actual: | 0.41 |
Eps Estimate: | 0.4 |
Eps Difference: | 0.01 |
Surprise Percent: | 2. |
Report Date: | 2015-03-11 |
Date: | 2014-12-31 |
Before After Market: | Before Market |
Currency: | EUR |
Eps Estimate: | 0.61 |
Eps Difference: | -0.61 |
Surprise Percent: | -10 |
Date: | 2025-12-31 |
Period: | +1y |
Growth: | 0.10 |
Earnings Estimate Avg: | 6.82 |
Earnings Estimate Low: | 6.05 |
Earnings Estimate High: | 7.61 |
Earnings Estimate Year Ago Eps: | 6.19 |
Earnings Estimate Number Of Analysts: | 14.00 |
Earnings Estimate Growth: | 0.10 |
Revenue Estimate Avg: | 5035980000.00 |
Revenue Estimate Low: | 4673000000.00 |
Revenue Estimate High: | 5376000000.00 |
Revenue Estimate Number Of Analysts: | 17.00 |
Revenue Estimate Growth: | 0.06 |
Eps Trend Current: | 6.82 |
Eps Trend7days Ago: | 6.83 |
Eps Trend30days Ago: | 6.88 |
Eps Trend60days Ago: | 6.86 |
Eps Trend90days Ago: | 6.94 |
Eps Revisions Down Last30days: | 1.00 |
Date: | 2024-12-31 |
Growth: | -0.03 |
Earnings Estimate Avg: | 6.19 |
Earnings Estimate Low: | 5.24 |
Earnings Estimate High: | 6.73 |
Earnings Estimate Year Ago Eps: | 6.41 |
Earnings Estimate Number Of Analysts: | 14.00 |
Earnings Estimate Growth: | -0.03 |
Revenue Estimate Avg: | 4733550000.00 |
Revenue Estimate Low: | 4517000000.00 |
Revenue Estimate High: | 4874190000.00 |
Revenue Estimate Number Of Analysts: | 17.00 |
Revenue Estimate Growth: | 0.06 |
Eps Trend Current: | 6.19 |
Eps Trend7days Ago: | 6.20 |
Eps Trend30days Ago: | 6.25 |
Eps Trend60days Ago: | 6.27 |
Eps Trend90days Ago: | 6.41 |
Eps Revisions Down Last30days: | 1.00 |
Date: | 2024-06-30 |
Period: | +1q |
Growth: | 0.01 |
Earnings Estimate Avg: | 1.56 |
Earnings Estimate Low: | 1.55 |
Earnings Estimate High: | 1.58 |
Earnings Estimate Year Ago Eps: | 1.54 |
Earnings Estimate Number Of Analysts: | 2.00 |
Earnings Estimate Growth: | 0.01 |
Revenue Estimate Avg: | 1188200000.00 |
Revenue Estimate Low: | 1141000000.00 |
Revenue Estimate High: | 1244000000.00 |
Revenue Estimate Number Of Analysts: | 5.00 |
Revenue Estimate Growth: | 0.05 |
Eps Trend Current: | 1.56 |
Eps Trend7days Ago: | 1.58 |
Eps Trend30days Ago: | 1.58 |
Date: | 2024-03-31 |
Earnings Estimate Year Ago Eps: | 1.66 |
Revenue Estimate Avg: | 1160200000.00 |
Revenue Estimate Low: | 1131000000.00 |
Revenue Estimate High: | 1197000000.00 |
Revenue Estimate Number Of Analysts: | 2.00 |
Revenue Estimate Growth: | -0.01 |
Date: | 2023-12-31 |
Growth: | -0.17 |
Earnings Estimate Avg: | 5.91 |
Earnings Estimate Low: | 4.63 |
Earnings Estimate High: | 6.57 |
Earnings Estimate Year Ago Eps: | 7.12 |
Earnings Estimate Number Of Analysts: | 13.00 |
Earnings Estimate Growth: | -0.17 |
Revenue Estimate Avg: | 4514560000.00 |
Revenue Estimate Low: | 4416000000.00 |
Revenue Estimate High: | 4676240000.00 |
Revenue Estimate Number Of Analysts: | 16.00 |
Revenue Estimate Growth: | -0.01 |
Eps Trend Current: | 5.91 |
Eps Trend7days Ago: | 5.91 |
Eps Trend30days Ago: | 6.00 |
Eps Trend60days Ago: | 6.07 |
Eps Trend90days Ago: | 6.06 |
Eps Revisions Up Last30days: | 1.00 |
Date: | 2023-09-30 |
Growth: | 0.07 |
Earnings Estimate Avg: | 1.38 |
Earnings Estimate Low: | 1.38 |
Earnings Estimate High: | 1.38 |
Earnings Estimate Year Ago Eps: | 1.29 |
Earnings Estimate Number Of Analysts: | 1.00 |
Earnings Estimate Growth: | 0.07 |
Revenue Estimate Avg: | 1133000000.00 |
Revenue Estimate Low: | 1131000000.00 |
Revenue Estimate High: | 1135000000.00 |
Revenue Estimate Number Of Analysts: | 2.00 |
Revenue Estimate Growth: | 0.07 |
Eps Trend Current: | 1.38 |
Eps Trend7days Ago: | 1.38 |
Eps Trend30days Ago: | 1.38 |
Eps Trend60days Ago: | 1.91 |
Eps Trend90days Ago: | 1.91 |
Date: | 2023-03-31 |
Period: | +1q |
Earnings Estimate Year Ago Eps: | 1.29 |
Revenue Estimate Avg: | 1178750000.00 |
Revenue Estimate Low: | 1139000000.00 |
Revenue Estimate High: | 1226000000.00 |
Revenue Estimate Number Of Analysts: | 4.00 |
Revenue Estimate Growth: | 0.06 |
Date: | 2022-12-31 |
Growth: | 0.42 |
Earnings Estimate Year Ago Eps: | 4.67 |
Earnings Estimate Growth: | 0.42 |
Revenue Estimate Avg: | 4601490000.00 |
Revenue Estimate Low: | 3939290000.00 |
Revenue Estimate High: | 4719330000.00 |
Revenue Estimate Number Of Analysts: | 13.00 |
Revenue Estimate Growth: | 0.33 |
Eps Trend7days Ago: | 6.66 |
Eps Trend30days Ago: | 6.66 |
Eps Trend60days Ago: | 6.66 |
Eps Trend90days Ago: | 6.66 |
Eps Revisions Up Last30days: | 3.00 |
Date: | 2022-09-30 |
Growth: | 0.54 |
Earnings Estimate Avg: | 1.71 |
Earnings Estimate Low: | 1.71 |
Earnings Estimate High: | 1.71 |
Earnings Estimate Year Ago Eps: | 1.11 |
Earnings Estimate Number Of Analysts: | 1.00 |
Earnings Estimate Growth: | 0.54 |
Revenue Estimate Avg: | 1056670000.00 |
Revenue Estimate Low: | 938000000.00 |
Revenue Estimate High: | 1117000000.00 |
Revenue Estimate Number Of Analysts: | 3.00 |
Revenue Estimate Growth: | 0.29 |
Eps Trend Current: | 1.71 |
Eps Trend7days Ago: | 1.71 |
Eps Trend30days Ago: | 1.71 |
Eps Trend60days Ago: | 1.71 |
Eps Trend90days Ago: | 1.32 |
Date: | 2022-06-30 |
Growth: | 0.12 |
Earnings Estimate Year Ago Eps: | 1.32 |
Earnings Estimate Growth: | 0.12 |
Revenue Estimate Avg: | 1048000000.00 |
Revenue Estimate Low: | 1019000000.00 |
Revenue Estimate High: | 1097000000.00 |
Revenue Estimate Number Of Analysts: | 3.00 |
Revenue Estimate Growth: | 0.21 |
Eps Trend7days Ago: | 1.49 |
Eps Trend30days Ago: | 1.49 |
Eps Trend60days Ago: | 1.49 |
Eps Trend90days Ago: | 1.49 |
Date: | 2022-03-31 |
Earnings Estimate Avg: | 1.43 |
Earnings Estimate Low: | 1.43 |
Earnings Estimate High: | 1.43 |
Earnings Estimate Number Of Analysts: | 1.00 |
Revenue Estimate Avg: | 1028000000.00 |
Revenue Estimate Low: | 1021000000.00 |
Revenue Estimate High: | 1035000000.00 |
Revenue Estimate Number Of Analysts: | 2.00 |
Eps Trend Current: | 1.43 |
Eps Trend7days Ago: | 1.43 |
Eps Trend30days Ago: | 1.43 |
Date: | 2021-12-31 |
Earnings Estimate Avg: | 4.61 |
Earnings Estimate Low: | 3.74 |
Earnings Estimate High: | 4.91 |
Earnings Estimate Number Of Analysts: | 10.00 |
Revenue Estimate Avg: | 3376260000.00 |
Revenue Estimate Low: | 3333000000.00 |
Revenue Estimate High: | 3445300000.00 |
Revenue Estimate Number Of Analysts: | 11.00 |
Eps Trend Current: | 4.61 |
Eps Trend7days Ago: | 4.62 |
Eps Trend30days Ago: | 4.62 |
Eps Trend60days Ago: | 4.61 |
Eps Trend90days Ago: | 4.48 |
Eps Revisions Up Last7days: | 1.00 |
Eps Revisions Up Last30days: | 2.00 |
Eps Revisions Down Last7days: | 1.00 |
Date: | 2021-09-30 |
Earnings Estimate Avg: | 1.02 |
Earnings Estimate Low: | 1.02 |
Earnings Estimate High: | 1.02 |
Earnings Estimate Number Of Analysts: | 1.00 |
Revenue Estimate Avg: | 818000000.00 |
Revenue Estimate Low: | 817000000.00 |
Revenue Estimate High: | 819000000.00 |
Revenue Estimate Number Of Analysts: | 2.00 |
Eps Trend Current: | 1.02 |
Eps Trend7days Ago: | 1.02 |
Eps Trend30days Ago: | 1.02 |
Date: | 2019-12-31 |
Period: | +1y |
Revenue Estimate Avg: | 2755510000.00 |
Revenue Estimate Low: | 2666000000.00 |
Revenue Estimate High: | 2905500000.00 |
Revenue Estimate Number Of Analysts: | 7.00 |
Revenue Estimate Growth: | 0.16 |
Eps Trend7days Ago: | 3.07 |
Eps Trend30days Ago: | 3.07 |
Eps Trend60days Ago: | 3.07 |
Eps Trend90days Ago: | 3.07 |
Eps Revisions Up Last30days: | 2.00 |
Date: | 2019-03-31 |
Period: | +1q |
Date: | 2018-12-31 |
Revenue Estimate Avg: | 2375940000.00 |
Revenue Estimate Low: | 2329000000.00 |
Revenue Estimate High: | 2435200000.00 |
Revenue Estimate Number Of Analysts: | 7.00 |
Revenue Estimate Growth: | 0.24 |
Eps Trend7days Ago: | 2.63 |
Eps Trend30days Ago: | 2.63 |
Eps Trend60days Ago: | 2.63 |
Eps Trend90days Ago: | 2.63 |
Eps Revisions Up Last30days: | 2.00 |
Date: | 2024-09-30 |
Eps Actual: | 1.8 |
Date: | 2023-12-31 |
Eps Actual: | 6.4 |
Date: | 2022-12-31 |
Eps Actual: | 7.1 |
Date: | 2021-12-31 |
Eps Actual: | 3.6 |
Date: | 2020-12-31 |
Eps Actual: | 3.3 |
Date: | 2019-12-31 |
Eps Actual: | 2.8 |
Date: | 2018-12-31 |
Eps Actual: | 2.3 |
Date: | 2017-12-31 |
Eps Actual: | 2.0 |
Date: | 2016-12-31 |
Eps Actual: | 0.8 |
Date: | 2015-12-31 |
Eps Actual: | 1.2 |
Date: | 2014-12-31 |