Imerys shares slide after Q1 results decline

Imerys SA

03/05/2023 09:23

** Shares in Imerys  IMTP.PA  fall 6% after the French
minerals group's sales and underlying profit declined in Q1 amid
challenging market conditions 
    ** Imerys' January-March current EBITDA was down 3.4%
year-on-year to 151 million euros ($166.55 million), and revenue
fell 1.6% to 997 million euros
    ** Imerys said it remains focused on costs and cash
management to protect its portability 
    ** It also added it plans to make further progress on its
strategic journey toward its medium-term organic growth and
current EBITDA margin objectives
    ** Including today's fall, the stock has dropped by 3.69%
YTD​


($1 = 0.9066 euros)

 (Reporting by Lina Golovnya)
 ((lina.golovnya@thomsonreuters.com))