Imerys is engaged in the production and the processing of minerals. Co.'s operations can be divided into four business groups: Minerals for Ceramics, Refractories, Abrasives and Foundry (minerals mainly for floor tiles, sanitaryware, porcelain, mobile energy as well as high-temperature and abrasive industries); Performance and Filtration Minerals (plastics, rubber, coatings, sealants and adhesives, health, beauty and filtration of nutrition liquids); Pigments for Paper (filler and coating products for paper) and Materials and Monolithics (construction materials in clay and slate and monolithic products and solutions for high-temperature industries).
  • TickerNK
  • ISINFR0000120859
  • ExchangeEuronext Paris
  • SectorMining
  • CountryFrance

IMERYS with less fundamental stars is reduced to Neutral

IMERYS (FR), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date September 18, 2020, the closing price was EUR 33.50 and its expected value was estimated at E...

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 07/28/2020

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Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Q2 in line and an improvement in view

>Operating profit in line with our forecasts - Q2 operating profit came in at € 50m vs our forecast of € 45m and H1 at € 132.1m, down 46.1% vs our forecast of € 127m (no consensus). In H1, the fall in operating profit was mainly due to the drop in volumes (-€ 183.7m), the price-mix effect (€ 16.7m), fixed-variable costs (€ 8m) and forex (€ 9.3m). The operating margin was 5.7%, down 620bp in Q2 after -170bp in Q1 and -420bp in Q4 2019. The decline in fixed/variable cos...

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 28/07/2020

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Sven Edelfelt ...
  • Virginie Rousseau

Imerys : T2 en ligne et amélioration en vue

>Résultat opérationnel en ligne avec ODDO BHF - Résultat opérationnel T2 ressort à 50°M€ vs ODDO BHF à 45°M€ et S1 à 132.1°M€ en baisse de 46.1% vs ODDO BHF à 127°M€ (pas de consensus). Au S1, le recul du résultat opérationnel a souffert de la baisse des volumes (-183.7 M€), effet prix/mix (16.7 M€), coûts fixes/variables (8 M€) et le Forex (9.3 M€). La marge opérationnelle ressort à 5.7% en baisse de 620°pb au T2 après -170 pb au T1 et -420 pb au T4 19. La baisse des...

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €52.05. The background trend would be questioned should prices rise above €64.70.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 52,05 €. La tendance de fond serait remise en cause en cas de franchissement de 64,70 €.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 52,05 €, puis 46,47 €. Le franchissement de 64,70 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €52.05, then €46.47. Passing €64.70 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - IMERYS : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 52,20 €, puis 46,30 €. Le franchissement de 70,03 € remettrait en cause la suite de la baisse.

Imerys Sa: 1 director sold

A director at Imerys Sa sold 80,000 shares at 30.185EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 07/28/2020

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Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Q2 in line and an improvement in view

>Operating profit in line with our forecasts - Q2 operating profit came in at € 50m vs our forecast of € 45m and H1 at € 132.1m, down 46.1% vs our forecast of € 127m (no consensus). In H1, the fall in operating profit was mainly due to the drop in volumes (-€ 183.7m), the price-mix effect (€ 16.7m), fixed-variable costs (€ 8m) and forex (€ 9.3m). The operating margin was 5.7%, down 620bp in Q2 after -170bp in Q1 and -420bp in Q4 2019. The decline in fixed/variable cos...

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 28/07/2020

...

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : T2 en ligne et amélioration en vue

>Résultat opérationnel en ligne avec ODDO BHF - Résultat opérationnel T2 ressort à 50°M€ vs ODDO BHF à 45°M€ et S1 à 132.1°M€ en baisse de 46.1% vs ODDO BHF à 127°M€ (pas de consensus). Au S1, le recul du résultat opérationnel a souffert de la baisse des volumes (-183.7 M€), effet prix/mix (16.7 M€), coûts fixes/variables (8 M€) et le Forex (9.3 M€). La marge opérationnelle ressort à 5.7% en baisse de 620°pb au T2 après -170 pb au T1 et -420 pb au T4 19. La baisse des...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : A Q2 in lockdown hell

We are forecasting an historically low H1 2020, penalised by the lockdown effects. On the basis of our H1 estimates and the full-year consensus, several stocks are likely to disappoint (Imerys and Vicat). Conversely, the full-year consensus seems to incorporate a margin for error and, possibly, potential for upward revision for LafargeHolcim, Getlink and Eiffage. Saint-Gobain and Eiffage remain our favourite stocks, particularly as the market and investors are already looking to ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 20/01/2020 - RWE

RWE (Conserver) : Juge la compensation pour fermeture des centrales à charbon insuffisante Automobile : La France souhaite revoir les règles européennes sur les émissions de CO2 Salini Impregilo (Achat) : Emission de €250m à 7ans à 3,625%, rachat de €121m de l'obligation 2021 à 3,75% Zone Euro : Le taux d’inflation annuel de la zone euro s’est établi à 1,3% en décembre 2019 Renault (Conserver) : 3,8m véhicules vendus en 2019 (-3,4%) Iliad (Achat) : Lance l'offre publique de rachat d'actions de €1,4 md, financée par l'augmentation de capital réalisée...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/11/2019 - Atlantia- FR

Atlantia (Conserver) : Le gouvernement italien devrait prendre une décision la semaine prochaine sur la concession italienne Vienna Insurance (Achat) - 9M-19 : Résultat avant impôts de €376m (+6,8%) Deutsche Bank (Vente) : Cède un bloc d’actifs émergents d’une valeur nominal de £40mds Selecta (Achat) - Exercice 2018/19 : EBITDA de €198m (+11,4%) Loxam (Achat) - 9M-19 : EBITDA de €430m (+15,7%) Merlin Properties (Achat) : Emission d'une obligation de €500m 15Y ms+165pbs Imerys (Achat) : Pourrait céder ses filiales nord-américaines de talc ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - EN

Fiat Chrysler Automobiles (O/P) - Peugeot (O/P): Confirm Merger Talks Unicaja Banco: Tier 2 10NC5 Bond Issue Santander (O/P) - 9M-19:  Revenues of €37.0bn (+2.8%) Deutsche Bank (U/P) - 9M-19: Net Loss of €4.1bn (vs Net Profit of €455m A Year Earlier) Pirelli (O/P) - 9M-19: EBITDA of €979m (+7.8%) Fresenius (M/P) - 9M-19: EBITDA of €4.5bn (+2.7%) Atos (O/P): Completes The Sale of Worldline and €500m Convertible Issue Stora Enso (O/P) - 9M-19: EBIT of €841m (-20.2%)

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/10/2019 - AT&T - EN

AT&T: Plans $5bn To $10bn Of Assets Disposal In 2020 Commerzbank (U/P) -Q3-19: Net Profit of €294m (+34.9%) Mediobanca (O/P) - Q1-19/20: Net Profit of €271m (+10.3%) Bharti Airtel (U/P): Postpones The Publication of Its Half Year Results Orange (Outperform: Hybrids) - 9M-19: EBITDA (After Leases) of €9.6bn (+0.6% LfL) Unibail-Rodamco-Westfield (M/P) - 9M-19: Revenues of €2.2bn (+17.7%) Imerys (O/P) - 9M-19: Current Operating Income of €358m (-15.7%) S&P Affirms RCI Banque's BBB Rating (O/P), the Outlook Remains Negative

Charles Lepetitpas ...
  • Emmanuel Matot
  • Nicolas David
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/18/2020

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Charles Lepetitpas ...
  • Emmanuel Matot
  • Nicolas David
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 18/05/2020

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Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2020

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Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 15/05/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

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Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2020

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IMERYS with less fundamental stars is reduced to Neutral

IMERYS (FR), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date September 18, 2020, the closing price was EUR 33.50 and its expected value was estimated at E...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Imerys - Assemblée Générale des actionnaires du 4 mai 2020

Patrick Kron est devenu Président du conseil le 25 juin 2019 en remplacement de Gilles Michel puis a cumulé les fonctions de Président et de Directeur général par interim entre le 21 octobre 2019 - date du départ de Conrad Keijzer au poste de Directeur général - et le 16 février 2020, date à laquelle est arrivé Alessandro Dazza comme nouveau Directeur général. Patrick Kron a effectué cet interim sans être payé. En revanche, Conrad Keijzer a bénéficié d'indemnités de départ pour un montant de 2,2 M€ représentant environ deux ans de rémunération alors qu'il est parti après de mauvaises performa...

Expert Corporate Governance Service (ECGS)

Imerys - AGM and EGM 10 May 2019

Since 4 May 2018, Conrad Keijzer, after having been Deputy Chief Executive Officer since 8 March 2018, has been Chief Executive Officer of the company, replacing Gilles Michel, who has retained the position of Chairman of the Board of Directors. The remuneration policy of the new Chief Executive Officer allows excessively generous amounts and the proposed amendments are inflationary in nature. The same applies to severance pay, which cannot also be supported (resolutions 4 and 6). Gilles Michel's remuneration as Chairman of the Board of Directors seems acceptable, however, as well as the exc...

Imerys - Assemblée Générale des actionnaires du 10 mai 2019

Depuis le 4 mai 2018, Conrad Keijzer, après en avoir été Directeur Général Délégué depuis le 8 mars 2018, est Directeur Général de la société en remplacement de Gilles Michel qui a conservé la Présidence du Conseil d'administration. La politique de rémunération du nouveau Directeur général permet des montants trop généreux et les modifications proposées ont un caractère inflationniste. Il en est de même des indemnités de départ qui ne pourront également pas être soutenues (résolutions 4 et 6). La rémunération de Gilles Michel en tant que Président du Conseil d'administration semble en revanc...

Imerys – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 04/05/2018

Gilles Michel, CEO, will resign on the 4th of May, 2018. Conrad Keijzer, appointed as deputy Chief Executive Officer on March 8, 2018, will be designated as Chief Executive Officer of the Group. We welcome the separation of functions (resolutions 7 and 10). The Board will decide at its meeting on May 4, 2018 to coopt a new independent female member who is currently being selected. 2017 remuneration for Gilles Michel : The Company has made a concerted effort to improve transparency this year by disclosing performance criteria weightings and achievement rates for the bonus. However, given the l...

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