Brief: Imerys Targets Current EBITDA Margin Of 18-20% By 2025

Imerys SA

07/11/2022 10:11

Nov 7 (Reuters) - Imerys  IMTP.PA :
    * AMBITION TO ACHIEVE AN ORGANIC PROFITABLE GROWTH OF 3-5%
PER
YEAR ON AVERAGE BETWEEN 2023 AND 2025
    * CONFIRMS ITS 2022 CURRENT EBITDA GUIDANCE
    * TARGETS CURRENT EBITDA MARGIN OF 18-20% BY 2025
    * WILL CONTINUE TO SUPPORT FUTURE DEVELOPMENTS WITH SOLID
CASH
GENERATION AND THE PROCEEDS OF CONTEMPLATED DIVESTITURES
    * EXPECTS CAPITAL EXPENDITURES TO REACH AROUND EUR 400 MLN
PER
YEAR BETWEEN 2023 AND 2025, OF WHICH AROUND 40% WILL BE
DEDICATED TO NEW CAPACITY IN FAST-GROWING MARKETS
    * IS COMMITTED TO SUBMITTING UPDATED SBTI TARGETS ALIGNED TO
THE
1.5°C TRAJECTORY
    * TO STRIVE TO REDUCE ITS CO2 EMISSIONS BY 42% IN ABSOLUTE
TERMS
BY 2030 WITH 2021 AS BASE YEAR

        
 Source text: https://bit.ly/3E42nfr
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