Imerys’ net current income up 11% in H1 2015
First publishedon www.AggBusiness.com
In the first half of 2015, turnover for the French industrial minerals specialist Imerys was up 12% (or down 3.9% on a constant currency and perimeter basis) to €2.06 billion.
However, net current income for the group was up 11% to €175 million, due to acquisitions and positive currency effects.
Current operating income amounted to €274 million, with an operating margin of 13.3%, compared with 13.5% a year earlier.
Imerys is expecting solid growth of its net current income in 2015, and while performance from certain sectors such as automobile and consumption will remain positive, a decline is expected with regard to the paper sector and the construction sector in France.