Financial Press Release

Imerys reports resilient profitability and strong cash generation in first half 2023

  • First half revenue at €1,982 million1, down 5.6% like-for-like2 vs. last year, impacted by continued customer destocking, macro-economic weakness in most end-markets and high comparatives
  • Resilient current EBITDA2 margin at 16.7%, as a result in particular of cost discipline and positive price-cost balance 
  • Strong cash generation with net current free operating cash flow at €135 million before strategic capital expenditures versus €48 million in first half 2022, benefitting from working capital actions
  • Significant progress on lithium roadmap with the joint venture with British Lithium. Further advance in decarbonation agenda with new greenhouse emission reduction objectives