Brief: Imerys Proposes Cash Dividend Of EUR 1.35 Per Share

Imerys SA

21/02/2024 17:42

Feb 21 (Reuters) - Imerys SA  IMTP.PA :
    * IMERYS POSTS FULL YEAR 2023 CURRENT EBITDA IN LINE WITH
GUIDANCE
AND SUBSTANTIAL CASH FLOW GENERATION
    * FULL YEAR REVENUE AT €3,794 MILLION IMPACTED BY WEAK
DEMAND IN
MOST MARKETS, IN PARTICULAR RESIDENTIAL CONSTRUCTION, AND
ADVERSE CURRENCY EFFECT
    * PROPOSAL OF A CASH DIVIDEND OF €1.35 PER SHARE,
REPRESENTING A
TOTAL DISTRIBUTION OF €115 MILLION
    * CURRENT EBITDA IN LINE WITH GUIDANCE1 AT €633 MILLION;
CURRENT
EBITDA MARGIN RESILIENT AT 16.7% BENEFITING FROM COST REDUCTIONS
(€126 MILLION)
    * PROPOSAL OF A CASH DIVIDEND OF €1.35 PER SHARE,
REPRESENTING A
TOTAL DISTRIBUTION OF €115 MILLION
    * SUBSTANTIAL NET CURRENT FREE OPERATING CASH FLOW
GENERATION OF
€191 MILLION (2022: €20 MILLION)
    * OUTLOOK: WILL MAINTAIN STRICT COST DISCIPLINE AND
PRIORITIZE
GROWTH THANKS TO NEW INDUSTRIAL CAPACITIES, INNOVATIVE PRODUCTS
AND ITS EXPOSURE TO MOBILE AND SUSTAINABLE ENERGY

Source text for Eikon:  ID:nNDL41JYj5 
Further company coverage:  IMTP.PA 

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