Resumen de Imerys: : 'Low point of profits behind us'
In its latest financial results for the nine months to 30 September 2016, Imerys posted growth in revenues, income and operating margins, mainly on the back of positive influx of turnover following acquisitions the company carried out in 2015."Gradually, the trend showed that the low point of profits is behind us," Imerys' chief financial officer, Olivier Pirotte, told investors in a conference call on 28 October.
CEO [Gilles Michel] described the "good-quality results" the company has achieved as a "reflection of the strategy Imerys has been pursuing" in external expansion, improvement in product offering and divestment of non-performing assets.
Another segment of Energy/Specialities, ceramic proppants remained "lacklustre" on the back of low prices in energy markets. Ceramic proppants accounted for 2% of sales. Confirming what Imerys had told IM at the time of the Q1 results, the company is aiming to hold the negative component of oilfield minerals businesses at the level of 2015, thus not exceeding the loss of EUR 27m recorded in 2015.
