Imerys has reported net income, group share, for the nine months to end September 2023 down 4.9% to 184 million euros, and a recurring EBITDA margin down 0.8 points to 16.6%, on sales down 11% to 2.9 billion (-8.5% in organic terms).
Sales volumes fell by 13.3%, reflecting the weakness of its main end-markets, continued de-stocking by customers, and increased competition in certain regions, while the price effect was positive.
Assuming stable economic conditions, the specialty minerals group expects to be at the lower end of its current EBITDA guidance range of between €630 and €650 million, announced on July 27.
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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.
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