Report
Sven Edelfelt

Imerys : H1 2018 results broadly in line, proppants business under review

>Operating results: some good news, some not so good news - H1 18 operating results slightly better than we expected but difficult to interpret Imerys released a press release late Friday evening to present its proforma accounts excluding the roofing business; it followed it up with a conference call. Operating profit reached € 284m (+7.7% and +4.7% lfl) vs Oddo BHF € 280m (no consensus) and the margin held steady at 12.3% in H1 after having contracted by 40bp in...
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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Matthias Desmarais
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