Imerys: sharp decline (-78.4%) in net income in 2023
February 21, 2024 at 12:20 pm EST
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Imerys reports sales of €3,794 million for 2023, down 11.4% on 2022 (-9% in organic terms).
Current EBITDA stands at €633 million (-12.2%), with net income from continuing operations, Group share, down 12.8% to €242 million.
Net income, Group share, stands at €51 million, down 78.4%.
At a time when our main markets have probably bottomed out, we will be pulling out all the levers at our disposal to increase sales, drawing in particular on our recently expanded production capacities and our innovative products for mobility and sustainable energy", commented CEO Alessandro Dazza.
In this context, the Board of Directors will propose the payment of an ordinary cash dividend of €1.35 per share (compared with €1.50 per share paid in 2023), at the AGM on May 14.
As for the outlook, Imerys aims to manage its costs 'rigorously' and 'prioritize growth', thanks to its new industrial capacities, innovative products and exposure to mobility and sustainable energy.
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As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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