Imerys: 9m adjusted EBITDA up 3%

(CercleFinance.com) - Imerys reports net income from continuing operations, group share, up 11% to E214m for the first nine months of 2024, with an adjusted EBITDA up 3% to E532m (+7% LFL).


The latter represents a 1.4-point margin improvement to 19.2%, on sales of E2.77bn, down 4.4% as reported, but up 0.1% organically (including +4.1% in Q3 alone).

Imerys took advantage of the upturn in volumes on its markets to post a solid third-quarter performance in the US and a slight rebound in Europe, CEO Alessandro Dazza said, who also highlights "strict cost control".

Having already demonstrated its resilience, benefiting from a diversified portfolio of specialty minerals and a global geographic footprint, Imerys confirms its adjusted EBITDA forecast for 2024, of between E670m and E690m.


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