Report
Sven Edelfelt

Imerys : Between slowdown and lack of visibility

>Depreciation in prospect: proppants but not just that... - Our comments on Q3 figures can be found in our Equity Flash published on 31 October (“A forgettable Q3”). From the conference call we note the comments below:Imerys has decided to exit the proppants market. In this context, the costs of this activity have been booked as one-off items and the 2018 operating loss should be no more than -€ 5m (vs € 15m in 2017). This business still represents € 150m on the...
Underlying
Imerys SA

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

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