Report
Sven Edelfelt

Imerys : T3 2019 sous le signe de la dégradation

>Résultat opérationnel conforme au warning du 22 octobre - Résultat opérationnel T3 2019 inférieur à nos attentes, cohérent avec le warning du T3 déjà commenté dans notre flash du 22 octobre dernier (détails en page 2). Il ressort à 113°M€ (-19.8% et -14.6% à pcc) vs ODDO BHF à 122°M€ (pas de consensus) et la marge à 10.5% en recul de 180 pb après un recul de 120 pb au T2. Le groupe a continué de souffrir des problèmes de la déconsolidation du Talc US (4 M€) et de la ...
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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