Imerys : Focus on “active portfolio management and the ecological transition”
>EBITDA and sales respectively 5% and 2% ahead of our estimates - Q1 2022 EBITDA came to € 189m up 3.4%, vs ODDO BHF at € 180m (5% above). In Q1, EBITDA was driven by a strong price effect (+€ 134m) and forex effects (€ 15m), helping to offset the decline in volumes and the increase in variable costs (unquantified). The Q1 EBITDA margin came to 15.6% (vs 15.2% for ODDO BHF), down 166bp after -320bp in Q4 and -45bp in Q3. Underlying net income in Q1 was € 76.1m (vs € 7...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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