Imerys : Prisoner of Luzenac’s talc activities out on bail!
>Operating profit in line with expectations - Q4 2018 operating profit was € 137.5m (-3.4%) vs Oddo BHF and the consensus at € 138m. In Q4, the decline in operating profit was in line with that observed in Q3. The margin was 12.2%, down 40bp in Q4 after -100bp in Q3. By division, all of the group’s divisions came in below forecasts, with the difference due to holding company costs coming in € 15m below 2017 levels (no explanation).Q4 2018 sales came in below fore...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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