Imerys sees 7.7% revenue growth thanks to S&B acquisition
Published: Wednesday, 29 April 2015
Leading industrial minerals producer Imerys saw its revenue and operating income increase owing to the positive impact of its S&B acquisition, finalised earlier this year, and the effects of positive currency exchange. However, lower steel production and a drop in oil and gas exploration has hit its refractories and proppants business, the effects of which are likely to trickle into Q2.
Imerys SA posted revenue growth of 7.7% in Q1 2015, owing to
the positive contribution of its recent acquisition of S&B
and the impact of positive exchange rates.
Revenue increased to €973.6m ($1.08m*) for the first
quarter of the year, up from €904.1m, though this was