Imerys : Countdown to the end of asbestos litigation finally begins
>Q3 EBITDA 6% higher than we expected - Imerys reported Q3 2024 EBITDA of € 148m (-13.9%) vs ODDO BHF estimate: € 140m (a 6% beat). TQC’s contribution came to € 5m in Q3, whereas we had expected zero. Q3 EBITDA was affected by the deconsolidation of paper (-€ 17m), a lower contribution from quartz (-€ 17m), and an increase in fixed costs (€ 21m) which were not offset by price effects (€ 4m), volumes (€ 15m) or the decrease in variable costs (€ 20m). The Q3 EBITDA marg...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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