Imerys achieves target with + 8.0% growth in net income from current operations in 2015
In 2015, Imerys achieved its target with + 8.0% growth in net income from current operations to €342 million. This result, achieved in difficult overall market conditions, attests to the quality of the Group’s fundamentals and to its management discipline. The Group’s operating margin was firm at 13.2%. Group structure effect that includes S&B’s contribution and favorable exchange rate effect partly offset the slump in sales volumes on a number of our markets. Current operating income was also supported by a favorable trend in the activity mix and the effectiveness of cost reduction programs. The financial soundness of the Group was strengthened by high generation of current free operating cash flow at 343 M€.
Imerys can draw on real strengths for further growth in 2016 in a highly uncertain macroeconomic environment. The Group will not only benefit from S&B’s full-year contribution, but also from the continued momentum of innovation projects and new developments. In addition, Imerys will continue to manage its costs with discipline and to adjust its industrial assets to market trends.
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