Imerys reported lower annual sales on Wednesday, penalized by weak demand, particularly in the residential construction sector, and the negative effect of exchange rates.

Sales for the French industrial minerals and metals group came to 3.73 billion euros for the fiscal year, compared with 4.28 billion euros in 2022, down 11.4% year-on-year.

Imerys also announced a proposed cash dividend of €1.35 per share for 2023, representing a total payout of €115 million. (Written by Augustin Turpin, edited by Zhifan Liu)