Report
Sven Edelfelt

Imerys : T4 de bonne facture et maintenant, la suite et rien d’autre

>EBITDA T4 > 5% au consensus (FY > 1%) - L’EBITDA T4 2021 ressort à 167M€ (-5.9%) vs 159M€ pour ODDO BHF et le consensus (>5%). Sur l’ensemble de l’année, l’EBITDA ressort à 761M€ légèrement supérieur à la fourchette dévoilée au T3 entre 735/755M€. Comme attendu, Imerys n’a pas encore totalement répercuté les coûts d’énergie aux clients finaux. Le « pricing power » fort du groupe devrait permettre de redresser la barre dès le T1 2022. La marge d’EBITDA T4 ressort à 14...
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
Sven Edelfelt

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