Imerys Delivers Strong Performance, Solid Earnings for 2021

Imerys SA of France has reported a 72.4% increase in net income for 2021, to €288.0 million (US$326 million), on revenue 15.4% higher at €4.4 billion (US$5.0 billion). The company reported higher revenues for both of its business groups: High Temperature Materials and Solutions’ revenues grew 18.4% to €2.0 billion (US$2.27 billion) and Performance Minerals’ revenues were 13.2% higher at €2.43 billion (US$2.75 billion).

Alessandro Dazza, Imerys’ CEO, commented, “Imerys delivered another quarter of solid earnings in Q4, marked by continuing good momentum on most of our end markets and strong commercial performance. I want to thank the teams for their commitment and support to our customers despite severe constraints on logistics and supply in a context of record high inflation of all our input costs. In this context, the Group exceeded its guidance for 2021. For this year, we expect demand for the Group`s specialty minerals solutions to remain sustained. In a volatile environment, Imerys will continue to give priority to price, cost and cash management, while actively pursuing growth opportunities and focusing on rapidly rising demand for sustainable solutions.”

Imerys` Performance Minerals segment revenues in the Americas were 10.7% higher at €957 million (US$1.08 billion). This compares with a 12.4% increase, to €1.13 billion (US$1.28 billion), in the Europe, Middle East and Africa segment, and a 22% increase in the Asia-Pacific segment to €515 million (US$583 million). The rebound in the Americas was supported by sales of products for paints, rubber, polymers and ceramics in the construction industry and a good performance in the filtration and agriculture markets in the consumer goods sector.

Revenue in Imerys` High Temperature Solutions business increased revenues by 17.2%, to €801 million (US$907 million). The business continued to benefit from various commercial initiatives and the strong underlying market recovery.

Revenue in the Refractory, Abrasives & Construction business area was up 19.9%, at €1.24 billion (US$1.40 billion) driven by a strong recovery in refractories and abrasives, as well as further growth in building and infrastructure.

Volume 36, Issue 03

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