Imerys is the world leader in mineral-based specialty solutions for industry
Share capital
(06/30/2019)
53.99
Voting rights
(06/28/2019)
67.64
Stake value
(06/30/2019)
€ 2,001 M
Dividend
(12/31/2018)
€ 88.9 M
Investment year
1987
Business area
Speciality Minerals
Employees
18,000
Registered office
Paris, France
Website
Data center
Profile
Imerys extracts, transforms, develops and combines a unique range of minerals to provide functionalities that are key to its customers' products and production processes. These specialities have a very wide range of uses and are becoming increasingly common on growing markets.
Portfolio value 06/30/2019
10.7 %
Net dividends 12/31/2018
19.7 %
Investment case
Growing market benefiting from structural advantages:
- High added value functional providing key properties to customers’ products
- Low dependency on fluctuations in commodities prices
- Low substitution risk notably due to the limited proportion in the customers’ total costs
Imerys is a worldwide leader and presents an attractive financial profile:
- Leader in its sector: #1 or #2 in almost all its markets
- Resilience of the business model, notably stemming from GBL’s support as a stable reference shareholder having a long-term investment horizon
- Diversity in terms of geographies and customers’ end-markets
- Strong cash-flow generation in support of external growth
