Imerys : Solid Q3 amid more marked slowdown
>EBITDA 4% ahead of ODDO BHF forecast - Imerys reported figures excl. Calderys that make the release hard to analyse, although only at first glance. Including Calderys, we estimate Q3 2022 EBITDA at € 224m (+15.5%) vs ODDO BHF at € 215m (4% above). EBITDA adjusted for the sale of Calderys comes to € 193m. In Q3, EBITDA was driven by a significant price effect and a positive forex effect of € 44m, which offset the decline in volumes and the increase in variable costs...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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