Imerys Industrial Minerals Denmark A/S

Ledelsesberetning

The Company's principal activities
Imerys Industrial Minerals Denmark A/S extracts and processes the material moler, which is sold as both powder and granulate products. Moreover, the Company processes and markets a number of complementary - primarily mineral-based - products from Europe, the USA and Asia.
The products are primarily used as absorbents and are sold as cat litter, oil/chemical absorbents as well as a multi-functional component of feed production. Our mineral products are integrated in a vast number of manufactured products within industry, agriculture and the retail trade. The primary markets of Imerys Industrial Minerals Denmark A/S are in Europe. Sales are effected from Imerys Industrial Minerals Denmark A/S and through distributors in France.
Development in the activities and the financial situation of the Company
The Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a result of TDKK 6.807 and the Balance Sheet at 31 December 2024 a balance sheet total of TDKK 192.101 and an equity of TDKK 106.140. The result for 2024 exceeded the expectations. The result for the year has been benefitiating from a favourable market situation of Moler products partially offset by adverse sales in Bentonite market.
The legal entity is more and more integrated in the international group structure. Existing production and daily administrative activities has in 2024 remained unchanged.
Operating risks and environment
Moler is a natural product with a history of some 54 million years. One of the factors that may affect the raw
material is pollution from industrialised society. We are very aware of pollution risks as well as possible sources of
pollution in our day-to-day production as it is Imerys Industrial Minerals Denmark A/S's intention always to supply
our customers with a pure and eco-friendly natural product. Furthermore, it is essential to Imerys Industrial
Minerals Denmark A/S to continue to have sufficient access to extracting moler, which is ensured through close
cooperation with relevant authorities in Denmark.
As regards other raw materials, Imerys Industrial Minerals Denmark A/S relies on agreements and close
cooperation with foreign key suppliers of mineral deposits.
Although Imerys Industrial Minerals Denmark A/S is contiuously striving to substitute fossil fuels by other more
carbon-neutral fuels, a significant part of the energy consumption is subject to the market forces for fossil fuels.
Market risks
The individual product groups are subject to different market conditions. Imerys Industrial Minerals Denmark A/S
has a broad customer platform without substantial reliance on individual customers; however, an unexpected loss
of individual product groups or customer groups might result in increased production costs.
Strategy
It is the strategy that Imerys Industrial Minerals Denmark A/S should develop in a controlled manner by organic
growth and potentially, when considered appropriate, by acquisition. Growth will be pursued in the existing
business areas focusing on the areas in which Imerys Industrial Minerals Denmark A/S has its core competences.
Targets and expectations for the year ahead
In a strong competitive environment for Bentonite products, Imerys Industrial Minerals Denmark A/S is aiming to maintain its market shares and grow slightly in Moler sales to maintain profitability close to 2024 in an uncertain inflation context for raw material and energy.
Focus on efficiency measures will continue in 2025, and earnings are expected to meet the same level compared to financial year 2024. The level of net earnings is forecasted to be between 5-10 mDKK.
For the year 2024 we expected a turnover between 300 and 320 mDKK and net earnings at the level of10-15 mDKK. In 2024 we realized a turnover of 284 mDKK. With better mix of sales Moler/Bentonite and better energy price, the Company was in 2024 able to exceed 2023 profit level.
The development in 2025 will still be impacted by the global environment due to the war activities in Ukraine which can affect energy prices strongly.
Overall, the key elements influencing the development in 2025 are:
- Competitive environment
- Energy prices
- Purchase prices development
- Political environmental decisions and related taxes
Research and development
The Company undertakes research and development in connection with optimisation of production and new own products as well as customized solutions.
Knowledge ressource
It is essential for the company's continued growth to attract and maintain highly skilled labor within all organizational functions. Ongoing development is important in order to maintain the company's competitiveness, which neccessitates ongoing investment in the training of company employees. Internally in the Group, a wide range of continuing education programs and knowledge sharing initiatives are offered.
Subsequent events
No events have occured after the balance sheet date significantly affecting the company's financial position.
The company has received confirmation from the parent company Imerys Minerals, Internation Sales, to continue the support of the company to meet liabilitis as and when they fall due.

Beskrivelse af virksomhedens væsentligste aktiviteter

The Company's principal activities
Imerys Industrial Minerals Denmark A/S extracts and processes the material moler, which is sold as both powder and granulate products. Moreover, the Company processes and markets a number of complementary - primarily mineral-based - products from Europe, the USA and Asia.
The products are primarily used as absorbents and are sold as cat litter, oil/chemical absorbents as well as a multi-functional component of feed production. Our mineral products are integrated in a vast number of manufactured products within industry, agriculture and the retail trade. The primary markets of Imerys Industrial Minerals Denmark A/S are in Europe. Sales are effected from Imerys Industrial Minerals Denmark A/S and through distributors in France.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in the activities and the financial situation of the Company
The Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a result of TDKK 6.807 and the Balance Sheet at 31 December 2024 a balance sheet total of TDKK 192.101 and an equity of TDKK 106.140. The result for 2024 exceeded the expectations. The result for the year has been benefitiating from a favourable market situation of Moler products partially offset by adverse sales in Bentonite market.
The legal entity is more and more integrated in the international group structure. Existing production and daily administrative activities has in 2024 remained unchanged.
Operating risks and environment
Moler is a natural product with a history of some 54 million years. One of the factors that may affect the raw
material is pollution from industrialised society. We are very aware of pollution risks as well as possible sources of
pollution in our day-to-day production as it is Imerys Industrial Minerals Denmark A/S's intention always to supply
our customers with a pure and eco-friendly natural product. Furthermore, it is essential to Imerys Industrial
Minerals Denmark A/S to continue to have sufficient access to extracting moler, which is ensured through close
cooperation with relevant authorities in Denmark.
As regards other raw materials, Imerys Industrial Minerals Denmark A/S relies on agreements and close
cooperation with foreign key suppliers of mineral deposits.
Although Imerys Industrial Minerals Denmark A/S is contiuously striving to substitute fossil fuels by other more
carbon-neutral fuels, a significant part of the energy consumption is subject to the market forces for fossil fuels.
Market risks
The individual product groups are subject to different market conditions. Imerys Industrial Minerals Denmark A/S
has a broad customer platform without substantial reliance on individual customers; however, an unexpected loss
of individual product groups or customer groups might result in increased production costs.
Strategy
It is the strategy that Imerys Industrial Minerals Denmark A/S should develop in a controlled manner by organic
growth and potentially, when considered appropriate, by acquisition. Growth will be pursued in the existing
business areas focusing on the areas in which Imerys Industrial Minerals Denmark A/S has its core competences.
, The Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a result of TDKK 6.807 and the Balance Sheet at 31 December 2024 a balance sheet total of TDKK 192.101 and an equity of TDKK 106.140. The result for 2024 exceeded the expectations. The result for the year has been benefitiating from a favourable market situation of Moler products partially offset by adverse sales in Bentonite market.
The legal entity is more and more integrated in the international group structure. Existing production and daily administrative activities has in 2024 remained unchanged.
Operating risks and environment
Moler is a natural product with a history of some 54 million years. One of the factors that may affect the raw
material is pollution from industrialised society. We are very aware of pollution risks as well as possible sources of
pollution in our day-to-day production as it is Imerys Industrial Minerals Denmark A/S's intention always to supply
our customers with a pure and eco-friendly natural product. Furthermore, it is essential to Imerys Industrial
Minerals Denmark A/S to continue to have sufficient access to extracting moler, which is ensured through close
cooperation with relevant authorities in Denmark.
As regards other raw materials, Imerys Industrial Minerals Denmark A/S relies on agreements and close
cooperation with foreign key suppliers of mineral deposits.
Although Imerys Industrial Minerals Denmark A/S is contiuously striving to substitute fossil fuels by other more
carbon-neutral fuels, a significant part of the energy consumption is subject to the market forces for fossil fuels.
Market risks
The individual product groups are subject to different market conditions. Imerys Industrial Minerals Denmark A/S
has a broad customer platform without substantial reliance on individual customers; however, an unexpected loss
of individual product groups or customer groups might result in increased production costs.
Strategy
It is the strategy that Imerys Industrial Minerals Denmark A/S should develop in a controlled manner by organic
growth and potentially, when considered appropriate, by acquisition. Growth will be pursued in the existing
business areas focusing on the areas in which Imerys Industrial Minerals Denmark A/S has its core competences.

Beskrivelse af virksomhedens forventede udvikling

Targets and expectations for the year ahead
In a strong competitive environment for Bentonite products, Imerys Industrial Minerals Denmark A/S is aiming to maintain its market shares and grow slightly in Moler sales to maintain profitability close to 2024 in an uncertain inflation context for raw material and energy.
Focus on efficiency measures will continue in 2025, and earnings are expected to meet the same level compared to financial year 2024. The level of net earnings is forecasted to be between 5-10 mDKK.
For the year 2024 we expected a turnover between 300 and 320 mDKK and net earnings at the level of10-15 mDKK. In 2024 we realized a turnover of 284 mDKK. With better mix of sales Moler/Bentonite and better energy price, the Company was in 2024 able to exceed 2023 profit level.
The development in 2025 will still be impacted by the global environment due to the war activities in Ukraine which can affect energy prices strongly.
Overall, the key elements influencing the development in 2025 are:
- Competitive environment
- Energy prices
- Purchase prices development
- Political environmental decisions and related taxes
Research and development
The Company undertakes research and development in connection with optimisation of production and new own products as well as customized solutions.
Knowledge ressource
It is essential for the company's continued growth to attract and maintain highly skilled labor within all organizational functions. Ongoing development is important in order to maintain the company's competitiveness, which neccessitates ongoing investment in the training of company employees. Internally in the Group, a wide range of continuing education programs and knowledge sharing initiatives are offered.
Subsequent events
No events have occured after the balance sheet date significantly affecting the company's financial position.
The company has received confirmation from the parent company Imerys Minerals, Internation Sales, to continue the support of the company to meet liabilitis as and when they fall due.