Imerys: Q3 net income slumps 39%
(CercleFinance.com) - Imerys has reported a 39.
1% decrease in Q3 net income (group share) to 39 million euros, albeit with a very slight improvement in its recurrent EBITDA margin to 18.1%, against 18% a year ago.
At 912 million euros, revenue declined 11.4% organically, following a 24.1% drop at the peak of the Covid crisis in the second quarter, following an improvement in most of the group's speciality minerals markets.
Stressing that the pace of recovery depends on the impact that the health situation has on the economy - particularly in Europe - Imerys confirms that it is not able to provide guidance for FY 2020.
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1% decrease in Q3 net income (group share) to 39 million euros, albeit with a very slight improvement in its recurrent EBITDA margin to 18.1%, against 18% a year ago.
At 912 million euros, revenue declined 11.4% organically, following a 24.1% drop at the peak of the Covid crisis in the second quarter, following an improvement in most of the group's speciality minerals markets.
Stressing that the pace of recovery depends on the impact that the health situation has on the economy - particularly in Europe - Imerys confirms that it is not able to provide guidance for FY 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.