Imerys : A year best forgotten, roll on the future …
>EBITDA 6% below our expectations in Q3 and volumes in line at -14% - Imerys reported Q3 2023 EBITDA of € 150m (-22%) vs ODDO BHF at € 160m (6% below). In Q3, EBITDA was affected by a negative volume effect of -€ 75m, not offset by a price effect of just € 2m, the fall in fixed costs of € 12m and the reduction in variable costs of € 28m. The Q3 EBITDA margin came to 16.3%, down 95bp after -200bp in Q2 and -25bp in Q1. Underlying net income in Q3 came to € 53m (vs € 72...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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