Report
Sven Edelfelt

Imerys : What to expect from the CMD

>Leverage on cash flow to better finance the dividend - The CMD on 13 June will be an opportunity for the group to embark on a new chapter with Conrad Keijzer at the helm. We think the group is likely to announce new cost savings, reductions in its R&D expenses and to focus its attention on the dividend. The cost savings could represent around € 30m (5% of sales) after the reorganisation and the reduction in the number of the group’s divisions, from four to two. The g...
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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