S&B Industrial Minerals SA has reported increased sales and growth of operating profitability despite observing a marked slowdown across most of its business during the second half of 2012.
EBITDA* was up by 4.5% year-on-year (y-o-y) while net profit was recorded as €12.3m ($16.2m**) versus €20.6m in 2011. This reduction was due to higher financial expenses and special tax items, the company said.
Sales for the full year 2012 increased 3% compared to 2011.
“2012 was a year of strategic and operational progress for S&B within a highly challenging economic climate,” S&B...