Report
Chaima Ferrandon ...
  • Sven Edelfelt

Imerys : Fewer tears, more money and success

>Q4 EBITDA in line and volumes starting to stabilise (Q4 at -6.1%) - Q4 2023 EBITDA was flat at € 152m (-0.2%), right in line with our expectations and the consensus (€ 152m). For the year, EBITDA came in at € 633m in line with the guidance, at the lower end of the range given in H1/Q3 of € 630-650m (consensus € 625m). In 2023, EBITDA was hit hard by negative volumes, which were not offset by price effects and despite sizeable cost cutting quantified at € 126m (the gr...
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
Chaima Ferrandon

Sven Edelfelt

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