SOURCE: S & B Industrial Minerals

S & B Industrial Minerals

March 11, 2010 11:19 ET

S&B Industrial Minerals Financial Results for the Full Year 2009 (IFRS)

ATHENS, GREECE--(Marketwire - March 11, 2010) -  S&B announces (S&B) (ATHEX: ARBA), Full Year 2009 Financial Results.

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 (ATHEX: ARBA), is active in 21 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