Report
Sven Edelfelt

Imerys : Le prisonnier des Talcs de Luzenac libéré sous caution !

>Résultat opérationnel en ligne avec les attentes - Le résultat opérationnel T4 18 ressort à 137,5 M€ (-3,4%) vs Oddo BHF et le consensus à 138 M€. Au T4, le recul du résultat opérationnel est en ligne avec celui observé au T3. La marge ressort à 12.2% en baisse de 40 pb au T4 après -100 pb au T3. Par division, toutes les branches ressortent en dessous des attentes, le différentiel s’expliquant par des frais de holdings de 15 M€ inférieurs à 2017 (non expliqué).C...
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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