Imerys is the world leader in mineral-based specialty solutions for industry
Share capital
(03/31/2020)
54.1 %
Voting rights
(03/31/2020)
67.7 %
Stake value
(03/31/2020)
€ 984 M
Dividend
(12/31/2019)
€ 92.1 M
Investment year
1987
Business area
Speciality Minerals
Sales
€ 4,355 M
Employees
16,300
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 03/31/2020
6.2 %
Net dividend 12/31/2019
15.5 %
Excluding the reimbursements by the French tax authorities of withholding taxes which had been applied to Total and ENGIE dividends
Investment case
Growing market benefiting from structural advantages:
- High added value functional solutions providing key properties to customers’ products
- Low dependency on fluctuations in commodity prices
- Low substitution risk notably due to the limited proportion in the customers’ total costs.
Imerys is a worldwide leader and presents an attractive profile:
- Leader in its sector: #1 or #2 in almost all its markets
- Ongoing transformation plan towards a simpler and more customer-centric organization aiming at accelerating organic growth and improve operating profitability
- 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 to external growth
