SOURCE: S & B Industrial Minerals

S & B Industrial Minerals

August 30, 2010 10:49 ET

S&B Industrial Minerals Financial Results for the First Half of 2010 (IFRS)

ATHENS, GREECE--(Marketwire - August 30, 2010) -  S&B announces (S&B) (ATHEX: ARBA) First Half 2010 Financial Results.

FIRST HALF 2010 HIGHLIGHTS

  • First half sales increased by 29% in relation to the respective period of last year, with growth accelerating during the second quarter
  • EBITDA and operating profit higher by approximately 54% and 90% respectively, increasing ahead of sales due to strong operating leverage
  • Earnings per share more than doubled compared to the same period last year, despite a higher effective tax rate in the second quarter
  • Further net debt reduction of 11% to EUR 109 million from EUR 122 million at the end of 2009

S&B Industrial Minerals First Half 2010 Financial Results (IFRS) Press Release:
(Please click on the link below to view full press release)

http://www.s.andb.gr/en/files/2010-08-30_1283151738.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 5 continents, in 2009 it had a Group turnover of Euro 336 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