Imerys continued to grow in the 3rd quarter 2014
In a global economic environment marked by sharp geographic contrasts, Imerys returned to positive organic growth in 2014, improved its profitability in all business groups, and achieved its target of growth in net income from current operations.
Revenue in 2014 totaled €3,688.2 million, up + 3.2% at comparable Group structure and exchange rates. New products accounted for 12% of the Group’s consolidated sales (vs. 9% in 2013).
The Group’s operating margin improved by 50 base points to 13.4% thanks to volume growth, favorable price/mix effect and control of fixed production costs and general expenses of which more than half of their total increase relates to the launch of new capacities and higher R&D spending.
Net income from current operations rose + 4.0% to €316.3 million.
In 2015, the Group will keep up its capital expenditure in innovation and on growing markets, in line with its development strategy. It will strive to remain highly responsive, in order to adapt its industrial layout, cost structure and product offering on any markets that evolve unfavorably, but also to seize any opportunities that arise from currency fluctuations and price falls for some production factors.
In addition, the integration of S&B, expected to close late February 2015, should help to speed up the Group’s growth in the coming years, in line with the goals for its 2012 – 2016 strategic plan.
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