Investors & analysts

Michel Delville
Chief Financial Officer
In 10 years Imerys has becomed the world leader in industrial minerals thanks to a dynamic acquisitions policy and sustained organic growth efforts. The strict criteria used for those investment decisions enable the Group to generate substantial cash flows and the constant optimization of its financial structure safeguards its future development.
1st half 2010 shows a recovery of the markets, driven by a strong inventory rebuilding. With an operating margin of 12.8%, Imerys has generated sound cash flows. The Group has continued to grow with new internal and external developments, namely in emerging countries, guaranty of future growth.
As on June 30, 2010, Imerys’ financial resources totaled almost €2.3 billion with no significant repayment due before the end of 2012.

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