Brief: Imerys Q3 Revenue Up 20.8% To EUR 1,116 Million

Imerys SA

02/11/2022 06:29

Nov 2 (Reuters) - Imerys SA  IMTP.PA :
    * Q3 REVENUE UP 20.8% TO €1,116 MILLION (€3,258 MILLION IN
THE
FIRST 9 MONTHS OF THE YEAR, +19.0%)
    * Q3 ORGANIC GROWTH 1 AT +13.3% VERSUS. Q3 LAST YEAR
    * CURRENT NET INCOME FROM CONTINUING OPERATIONS: €221
MILLION FOR
FIRST 9 MONTHS (+15.7% VERSUS 2021)
    * CONFIRMS ITS CURRENT EBITDA GUIDANCE FOR THE FULL YEAR
2022
    * WILL HOLD A CAPITAL MARKETS DAY ON NOVEMBER 7, 2022 TO
PRESENT
ITS 2023-2025 DEVELOPMENT PLAN
    * CURRENT EBITDA UP 15% TO 193 MILLION EURO IN Q3 (+10.2% TO
568
MILLION EURO FOR FIRST NINE MONTHS)
    * KAOLIN, CALCIUM CARBONATE ASSETS SALE TALKS: GOODWILL
IMPAIRMENT
LOSS ON DIVESTED ASSETS OF €99 MILLION IN GROUP’S 9 MONTHS 2022
INCOME STATEMENT
    * KAOLIN, CALCIUM CARBONATE ASSETS SALE: CLOSING OF
TRANSACTION IS
EXPECTED IN THE COURSE OF THE FIRST SEMESTER OF 2023.
    * EMILI PROJECT: PROJECT WOULD INVOLVE A CONSTRUCTION CAPEX
OF
APPROXIMATELY €1BN
    * EMILI PROJECT: CASH COST OF THE LITHIUM PRODUCED AT
BEAUVOIR IS
ESTIMATED TO BE CA. €7-9/KG

Source text: https://bit.ly/3frgfqF
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