Imerys is the world leader in mineral-based specialty solutions for industry
Share capital (03/31/2019) 53.9 %
Voting rights (03/31/2019) 67.6 %
Stake value (03/31/2019) € 1,904 M
Dividend (12/31/2018) € 88.9 M
Investment year
1987
Business area
Speciality Minerals
Employees
18,000
Registered office
Paris, France
 
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 03/31/2019
10.2 %
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
  • Board of Directors Strategic Committee Appointments Committee Remuneration Committee
  • Board of Directors Strategic Committee Appointments Committee Remuneration Committee
  • Board of Directors Strategic Committee Audit Committee
  • Board of Directors 3/14*
  • Strategic Committee 3/8*
  • Audit Committee 1/4*
  • Appointments Committee 2/5*
  • Remuneration Committee 2/6*