Turnover up 2% for Imerys in Q3 2014

For the third-quarter 2014, turnover for French industrial minerals specialist Imerys was up 2% to €943.80 million (US$1.18 billion), or up 3.9% on a constant perimeter and currency basis compared with the same period in 2013. Net income was up 6.1% to €75.1 million. In the third-quarter Western Europe accounted for 45% of sales, followed by North America (24%) and emerging countries (26%). In terms of revenue by business group, energy solutions and specialities, filtration and performance additives and
November 6, 2014 Read time: 2 mins

RSSFor the third-quarter 2014, turnover for French industrial minerals specialist 2912 Imerys was up 2% to €943.80 million (US$1.18 billion), or up 3.9% on a constant perimeter and currency basis compared with the same period in 2013.

Net income was up 6.1% to €75.1 million.

In the third-quarter Western Europe accounted for 45% of sales, followed by North America (24%) and emerging countries (26%).

In terms of revenue by business group, energy solutions and specialities, filtration and performance additives and ceramic materials were up by 12.4%, 0.8% and 0.6% respectively on a constant perimeter and currency basis. High resistance minerals were down 4.3%.

For the first nine months, the company generated turnover of €2.78 billion, down 0.9% (or up 4.2% on a constant perimeter and currency basis). The current operating margin has improved by 0.4 points to 13.5%. Net income was up 3.6% to €206.6 million. Net income from current operations was up 2.4% to €239.1 million. According to CEO Gilles Michel, growth has been supported by increased capacity of new production units, geographical diversification, the contribution of new products and the control of costs.

The company has confirmed its 2014 objective of achieving growth in net income from current operations.

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