Imerys : It's one thing to think about a move, it's another to make it
>Some good (EBITDA > ODDO) and some less good (uninspiring volumes) - Q1 2021 EBITDA came to € 183m (+10.9%) vs ODDO BHF at € 170m (8% ahead). In Q1, EBITDA was driven by volumes (+€ 28m), the price mix effect (+€ 2m), a positive fixed/variable costs effect (+€ 4m) and despite negative forex (-€ 11m). Despite the increase in volumes, fixed/variable costs presented a positive contribution, underpinning the EBITDA margin. It came in at 17.3%, up 130bp in Q1 after +12bp...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).
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.
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