Imerys : Q3 characterised by a worsening trend
>Operating profit consistent with the warning issued on 22 October - Q3 2019 operating profit below our expectations, in line with the Q3 warning already discussed in our flash of 22 October (details on page 2). It came in at € 113m (-19.8% and -14.6% l-f-l) vs ODDO BHF at € 122m (no consensus) and the margin was 10.5%, down 180bp after a decline of 120bp in Q2. The group continued to be hit by the problems of deconsolidating the US talc business (€ 4m) and the declin...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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