SOURCE: S & B Industrial Minerals

S & B Industrial Minerals

May 18, 2010 15:00 ET

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

ATHENS, GREECE--(Marketwire - May 18, 2010) -  S&B announces (S&B) (ATHEX: ARBA), First Quarter 2010 Financial Results.

FIRST QUARTER 2010 HIGHLIGHTS

  • First quarter sales increase by 20%; Earnings per share rises four-fold.
  • EBITDA increase of approximately 45% and doubling of operating profit.
  • Five-fold increase in net profit compared to the first quarter of 2009.
  • Significant margin expansion and overall strong profitability driven by higher volumes and positive operating leverage from our cost savings programs.
  • Continuation of net debt reduction to EUR 116 million from EUR 122 million at the end of 2009.
  • Proposal to issue 1 bonus share for every 4 shares owned.

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

http://www.sandb.com/en/files/2010-05-18_1274165734.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

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