ATHENS, GREECE--(Marketwire - March 11, 2010) - S&B announces (S&B) (
FULL YEAR 2009 HIGHLIGHTS FOR CONTINUING OPERATIONS
- Sales of approximately EUR 336 million, lower by 26% for the year, but noting progressive improvement in the second half
- Comparable EBITDA and Operating profit lower by 36% and 54% respectively, but significantly improved in the second half
- Comparable net operating expenses reduction of 14% or EUR 9.2 million versus 2008
- Significant improvement in cash flow from operations, up by EUR 52.4 million to EUR 87.0 million
- Net debt down by 40% or EUR 81.2 million since the beginning of the year from EUR 203.1 to EUR 121.9 million reflecting equally, organic improvement and the successful rights issue
- Proposed full year dividend of EUR 0.12 per share, at the same comparable per share level of 2008 as restated for the rights issue of 2009.
S&B Industrial Full Year 2009 Financial Results Press Release:
(Please click on the link below to view full press release)
http://www.capitallink.com/press/sandb031110.pdf
About S&B Industrial Minerals
S&B Industrial Minerals is an international Group of companies, its purpose being to provide innovative industrial solutions by developing and transforming natural resources into value creating products. Utilizing the multiple properties of industrial minerals, S&B offers a portfolio of customized solutions for a broad range of applications (including foundry, steel-making, construction & building materials, metallurgy and horticulture), operating responsibly and adhering to the sustainable development principles of the triangle: economy - society - environment. It holds leading positions in its main sectors (bentonite, perlite, bauxite and casting fluxes). S&B was established in Greece in 1934, is listed on the Athens Exchange (
Contact Information:
Contacts:
S&B Industrial Minerals S.A.
Haris Kotsokolos
Investor Relations Manager
Tel: +30 210 6296157
Email: h.kotsokolos@sandb.com
European financial media contact
Financial Dynamics London
Greg Quine
Tel: +44 20 7269 7206
Email: greg.quine@fd.com
US financial media contact
Capital Link New York
Nicolas Bornozis
Tel: +1 212 661 7566
Email: sandb@capitallink.com