Imerys announces significant improvement in 2017 results
In 2017, Imerys improved its performance with a + 10.4% revenue and a + 11.3% current operating income increase, with an operating margin of 14.1%. The current free operating cash flow was robust, at 358 million euros for the fiscal year.
The Group broadened its business portfolio with the acquisition of Kerneos, the world leader in calcium aluminate specialties on the fast-growing building chemicals market. It enhanced its existing offering through several bolt-on acquisitions and developed its international footprint, particularly in China.
Imerys largely exceeded its growth target for net income from current operations, up 11.4%. The net income from current operations per share increased + 11.0%, which allows the Board to propose a €2.075 dividend increase for the fiscal year, and reflects its confidence in the Group’s fundamentals and development prospects.
In this context, 2018 should be another year of growth in net income from current operations. Imerys will benefit from the quality of its business model, its operational discipline, the contribution of recent acquisitions and substantial capital expenditure on production capacities, as well as from innovation, excellence programs and internal efficiency.
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