Report
Sven Edelfelt

Imerys : Soufflé n’est pas joué

>Du bon (EBITDA > ODDO) et du moins bon (volume peu impressionnant) - L’EBITDA T1 2021 ressort à 183 M€ (+10.9%) vs ODDO BHF à 170°M€ (8% au-dessus). Au T1, l’EBITDA a été tiré par la hausse des volumes (+28 M€), l’effet prix/mix (+2 M€), un effet positif des coûts fixes/variables (+4 M€) et ce malgré un Forex négatif (-11 M€). Malgré la hausse des volumes, les coûts fixes/variables présente une contribution positive entrainant une hausse de la marge d’EBITDA. Elle r...
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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