Imerys: 78.4% slump in 2023 earnings

(CercleFinance.com) - Imerys has reported 2023 sales of E3,794m, down 11.
4% on 2022 (-9% in organic terms).

Current EBITDA stands at E633m (-12.2%), with net income from continuing operations, group share, down 12.8% to E242m.

Net income, group share, fell to E51m, 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, it said.

In this context, the Board of Directors will propose the payment of an
ordinary cash dividend of E1.35 per share (compared with E1.50 per share paid in 2023), at the AGM on 14 May.

Regarding its 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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