IMERYS: Management believes in a strong recovery, someday | SELL | EUR23 vs. EUR20 (+1%)
IMERYS - SELL | EUR23 vs. EUR20 (+1%)Management believes in a strong recovery, someday
Savings on costs depending on various governments’ aids
41 plants closed, 13 partially impacted out of a total of 224
Ready for the recovery, when it will happen
Sell maintained – FV at EUR23 vs EUR20
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).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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