SOURCE: S & B Industrial Minerals

S & B Industrial Minerals

November 03, 2011 09:51 ET

S&B Industrial Minerals Financial Results for the Nine Months 2011 (IFRS)

ATHENS, GREECE--(Marketwire - Nov 3, 2011) - S&B announces (S&B) (ATHEX: ARBA), Nine Months 2011 Financial Results.

NINE MONTH 2011 HIGHLIGHTS

  • Sales increased 9% in the nine months of 2011 compared to the nine months of 2010

  • EBITDA and operating profit increased by 15% and 39% respectively during the nine months of 2011 compared to the nine months of 2010

  • EUR 10 million investment in state-of-the-art warehouse in Greece to reduce environmental impact of the handling of dried bentonite and enhance operating efficiency

  • New matrix organization in place from September 1st designed to enhance S&B's ability to meet and exceed customer needs

S&B Industrial Minerals Nine Months 2011 Financial Results (IFRS) Press Release:
(Please click on the link below to view full press release)

http://www.s.andb.gr/en/files/2011-11-03_1320306693.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 (ATHEX: ARBA), is active in 20 countries across five continents, in 2010 it had a Group turnover of EUR 420 million, and employs approximately 2,000 people worldwide. For more information, please visit S&B's website at www.sandb.com

Note Regarding Forward-Looking Statements
This document may contain forward-looking statements about S&B, including statements
reflecting management's current view relating to future market conditions, future events and expected operational and financial performance. Forward-looking statements may be found throughout this document. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will materialize. Because forward-looking statements are based on assumptions and estimates, and are subject to risks and uncertainties, actual results could differ materially from those described or implied herein. S&B does not undertake any obligation to publicly update or revise any forward-looking statements included in this document, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulation.

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