Imerys: deterioration of its annual accounts

(AOF) – Imerys announces that its current operating profit amounts to 365 million euros in 2023, down 16.9% compared to the previous year. In addition, current EBITDA for 2023 amounting to 633 million euros fell by 12.2%. Net profit, group share, amounted to 51 million euros in 2023 compared to 237 million euros in 2022. Over this period, turnover amounted to 3.79 billion euros , down 9% at constant scope and exchange rates compared to the previous financial year.

The group’s sales volumes fell by 11.6%, driven by weakness in its main end markets, particularly residential construction, continued destocking and increased competition in certain regions.

At the general meeting of May 14, 2024, the board of directors will propose the payment of an ordinary cash dividend of 1.35 euros per share (compared to 1.50 euros per share paid in 2023), i.e. a total distribution of 115 million euros.

This amount corresponds to 50% of net current income from continuing activities, group share (compared to 46% the previous year for ordinary cash dividends).

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