Full Year 2024 Imerys SA Earnings Call Transcript

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Feb 21, 2025

Feb 21, 2025 / 08:00AM GMT
Alessandro Dazza - Imerys SA - Chief Executive Officer, Member of the Executive Committee

Good morning to all of you. Thank you for joining us today to review Imerys Q4 and full year 2024 annual results. With me this morning, Sebastien Rouge, our CFO. Let me start as usual by giving you some highlights for the year we just closed.

In 2024, Imerys delivered a solid performance, posting organic growth and increased EBITDA and increased margin driven by volume recovery. Revenues landed at EUR3.6 billion with a 1% organic growth. In Q4, organic growth amounted to 3.5%, and this was the third consecutive quarter of improvement. This achievement reflects continued volume recovery driven by additional industrial capacities, new product launches, commercial action and pricing turning positive in the second half of the year.

Imerys posted an adjusted EBITDA for the full year at EUR675 million, an 11.4% increase over the prior year like-for-like, and in line with our guidance. Noteworthy, the strong Q4 performance at plus 14% like-for-like compared to 2023. The group generated a free operating

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