Imerys revenues fall on weak steel market, Covid-19 disruptions
Published: Friday, 01 May 2020
Refractory and industrial minerals producer Imerys has reported a drop in revenue for the first quarter of 2020, with the Covid-19 pandemic hitting its international markets, on top of pre-existing weakness in the steel and automotive sectors.
Imerys reported revenues for January-March this year down by
7.5% year-on-year on a like for like basis, to €1.029
billion ($1.12 billion).
The 3.3% decline was a consequence of the pandemic, it said,
adding that the effects of the measures being taken to