Imerys SA (IMTP.PA) on Wednesday reported a 35 percent drop in its second quarter net income, impacted by lower revenues and operating income. The company also provided outlook for the year ahead.
The France-based specialty minerals company posted net income group share of 47 million euros in the second quarter of 2025, down from the 73 million euros in the year-ago quarter. Current net income group share declined 43 percent to 52 million euros from 90 million euros a year ago.
During the three-month period, revenue was down 11 percent to 886 million euros from 992 million euros in the second quarter last year. Revenue was impacted by soft volumes as well as a major depreciation of the US dollar compared to the Euro.
The company's adjusted EBITDA declined 22 percent to 154 million euros in the second quarter from 197 million euros in the prior-year period. Adjusted EBITDA margin fell to 17.3 percent from 19.8 percent last year.
Looking ahead, for fiscal 2025, the company expects adjusted EBITDA in the range of 540 million euros and 580 million euros, assuming there is no material deterioration in the current macroeconomic environment. Imerys also predicts volumes to turn positive in the second half of the year, compared to the previous-year period.
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