More comprehensive information about Imerys may be obtained on its website (www.imerys.com), under Regulated Information, including its Universal Registration Document filed under No. D.21-0167 in March 22, 2021 with Autorité des Marchés Financiers. Imerys draws the attention of investors to the "Risk factors and Internal control" set forth in the Universal Registration Document.
This document contains projections and other forward-looking statements. Investors are cautioned that such projections and forward-looking statements are subject to various risks and uncertainties (many of which are difficult to predict and generally beyond the control of Imerys) that could cause actual results and developments to differ materially from those expressed or implied.
Rapidly increasing inflation, in particular for energy, raw materials and freight, more severe than anticipated at the end of July
Agreement to divest the North American hydrous kaolin assets
Chapter 11 process of the North American talc entities to be delayed into 2022
Another quarter of solid organic growth at +18.6% in Q3 (+17.3% in 9 months 2021)
Q3 revenue up 21.0% at €1,104 million (€3,262 million in 9 months 2021)
Accelerating price mix impact at +3.6% in Q3 (vs. +1.5% in H1 2021)
Current EBITDA at €194 million in Q3, a 17.6% margin on sales (€594 million in 9 months 2021, 18.2% margin, above 2019 level), despite headwinds on costs
Net current income at €233 million in 9 months 2021, doubled vs. last year (+70% in Q3)
(1) Please refer to the glossary in appendix for definition of Alternative Performance Measures
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November 2, 2021 | Imerys 9 months and third quarter 2021 Results
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Imerys SA published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 16:59:12 UTC.
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.