ATHENS, GREECE — (Marketwire) — 03/23/12 — S&B announces (S&B) (ATHEX: ARBA), Full Year 2011 Financial Results.
S&B Industrial Minerals Full Year 2011 Financial Results (IFRS) Press Release: (Please click on the link below to view full press release)
„2011 was an exciting year for S&B on many fronts. We are pleased to have delivered solid sales growth and significantly higher earnings, in an increasingly challenging macro-economic environment. We benefitted from our global footprint and diversification, our excellent customer relationships and our mineral-based industrial solution offering.
„We reaffirmed and refined our Purpose and Values and drew up our new Vision to seek sustainable value growth through a well-balanced international presence. This led to a broad restructuring of our business to enhance our ability to take advantage of future opportunities. Furthermore, the initial agreement to divest our bauxite operations in Greece, attained at the end of 2011, is also in line with these reforming initiatives.
„With a good start in 2012 and with our solid financial position, we are confident that we are well placed in the current environment. While we are mindful of economic trends that continue to vary across geographies, we believe that we have the strategy and the resources to face external challenges, as well as to continue to pursue attractive growth opportunities.“
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.
: Haris Kotsokolos Investor Relations Manager Tel: +30 210 6296157 Email:
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