Imerys SA has reported a 13.1% drop in operating income for Q4 2009 to €79.5m. ($108m.) but the French industrial minerals producer said results had exceeded expectations.
Sales dropped 11.8% to €696.1m. in Q4 as the group suffered from lower volumes and a negative impact from foreign exchange.
Imerys cut its headcount by 2,400 in 2009 as it reduced output during the economic downturn....