Report
Sven Edelfelt

Imerys : Se préparer au pire et espérer le meilleur

>Preview T4 2019 : sous le signe de l’effet déstockage - Le T4 devrait constituer un point bas en volume sous l’effet déstockage. Nous tablons sur un recul des volumes de 9.2% au T4 après -6.9% au T3 et -4.8% au T2. Le déstockage explique l’essentiel de l’accélération de la baisse des volumes, selon nous. Celui-ci devrait s’accompagner d’un possible effet restockage sur le T1 2020. L’effet prix est attendue en progression de 1.7% en ligne avec celui observé au T3. Rap...
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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