Imerys: 9m net income down 5%

(CercleFinance.com) - Imerys has published 9m net income, group share that is down 4.
9% at E184m, with an underlying EBITDA margin that fell 0.8 point to 16.6% on sales that are down 11% at E2.9bn (-8.5% in organic terms).

Sales volumes fell by 13.3%, reflecting weakness in its main end-markets, continued destocking by its customers, and increased competition in some regions, while it benefited from a positive price effect.

Assuming stable economic conditions, the specialty minerals group expects to be at the lower end of its guidance range for recurring EBITDA of E630m to E650m, as announced on 27 July.


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