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).
  • TickerNK
  • ISINFR0000120859
  • ExchangeEuronext Paris
  • SectorMining
  • CountryFrance

Analysts

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 11/05/2018

...

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/11/2018

...

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Between slowdown and lack of visibility

>Depreciation in prospect: proppants but not just that... - Our comments on Q3 figures can be found in our Equity Flash published on 31 October (“A forgettable Q3”). From the conference call we note the comments below:Imerys has decided to exit the proppants market. In this context, the costs of this activity have been booked as one-off items and the 2018 operating loss should be no more than -€ 5m (vs € 15m in 2017). This business still represents € 150m on the...

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Entre ralentissement et manque de visibilité

>Dépréciation à venir : Proppant mais pas que … - Alors que les commentaires sur le T3 18 sont disponibles sur le Flash du 31/10 (« Un T3 déjà à oublier… »), nous retenons de la conférence téléphonique, les éléments ci-dessous.Imerys a pris la décision de se retirer du marché des proppants. Dans ce cadre les coûts de cette activité ont été comptabilisés en exceptionnel et la perte opérationnelle s'en trouvera réduite à -5°M€e (vs -15°M€ en 2017). Cette activité r...

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €52.05. The background trend would be questioned should prices rise above €64.70.

Imerys S.A. - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Imerys S.A.: Moody's comments on Imerys' talc related law suit in the US

Credit implications of talc related law suit in the US

Imerys S.A. - June 2017 (LTM): Peer Snapshot

Peer Snapshot: Imerys S.A. - June 2017 (LTM) 27 September 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Imerys S.A.: Credit Opinion Update Following H1 2017 Results and Closing of Kerneos Acquisition

CORPORATES CREDIT OPINION 30 August 2017 Update RATINGS Imerys S.A. Domicile Paris, France Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781

Imerys S.A.: Credit Opinion Update Following Kerneos Acquisition Announcement

CORPORATES CREDIT OPINION 11 January 2017 Update RATINGS Imerys S.A. Domicile Paris, France Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Between slowdown and lack of visibility

>Depreciation in prospect: proppants but not just that... - Our comments on Q3 figures can be found in our Equity Flash published on 31 October (“A forgettable Q3”). From the conference call we note the comments below:Imerys has decided to exit the proppants market. In this context, the costs of this activity have been booked as one-off items and the 2018 operating loss should be no more than -€ 5m (vs € 15m in 2017). This business still represents € 150m on the...

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : Entre ralentissement et manque de visibilité

>Dépréciation à venir : Proppant mais pas que … - Alors que les commentaires sur le T3 18 sont disponibles sur le Flash du 31/10 (« Un T3 déjà à oublier… »), nous retenons de la conférence téléphonique, les éléments ci-dessous.Imerys a pris la décision de se retirer du marché des proppants. Dans ce cadre les coûts de cette activité ont été comptabilisés en exceptionnel et la perte opérationnelle s'en trouvera réduite à -5°M€e (vs -15°M€ en 2017). Cette activité r...

Eric Lemarie

IMERYS: Q3 current EBIT still under pressure | NEUTRAL | EUR75

IMERYS - NEUTRAL | EUR75(+36%) Q3 current EBIT still under pressure Revenues roughly in line in Q3, but volumes are under pressure Current EBIT margin further down 100bps in Q3 Proppants to be divested, Namibian natural graphite assets put on hold

Charles Lepetitpas ...
  • Christophe Chaput
  • Harold De Decker
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Rémi Adam
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/31/2018

...

Sven Edelfelt ...
  • Virginie Rousseau

Imerys : A Q3 to be forgotten

>Operating profit shy of our forecasts - Q3 2018 operating profit below our estimates. Operating profit was € 141m (-3.1% and -4.3% l-f-l) vs Oddo BHF at € 161m (no consensus) and the margin was 12.2% down in Q3 after stability in Q2. Q3 2018 sales were also below forecasts at € 1,154m (Oddo BHF at € 1,228m) up 3.1% l-f-l, of which -0.9% for volumes and 4.0% for price (a good performance). The decline in volumes came as a surprise and appears to stem from the Ene...

1 director bought

A director at Imerys Sa bought 400 shares at 60.400EUR and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 11/05/2018

...

Jean-François Granjon ...
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/11/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2018

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2018

For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. Cf. sector report published last evening. - ...

With a more favourable environment, IMERYS improves to Slightly Positive

IMERYS (FR), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 9, 2018, the closing price was EUR 83.80 and its potential was estimated at EUR 87.99.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Imerys SA - Strategy, SWOT and Corporate Finance Report

Synopsis Imerys SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Imerys SA required for business and competitor intelligence needs - A study of the major internal and external factors affecting Imerys SA in the form of a SWOT analysis - An in-depth view of the business model of Imerys SA including a breakdown and examination of key business ...

Charles Pinel

Proxy Report - 04/05/2018

Gilles Michel, CEO, will resign on the 4th of May, 2018. Conrad Keijzer, appointed as deputy Chief Executive Officer on March 8, 2018, will be designated as Chief Executive Officer of the Group. We welcome the separation of functions (resolutions 7 and 10). The Board will decide at its meeting on May 4, 2018 to coopt a new independent female member who is currently being selected. 2017 remuneration for Gilles Michel : The Company has made a concerted effort to improve transparency this year by disclosing performance criteria weightings and achievement rates for the bonus. However, given the l...

Charles Pinel

Proxy Report - 04/05/2018

Président-Directeur Général d'Imerys depuis 2011, Gilles Michel va prendre sa retraite à l'issue de la présente assemblée générale. Il conservera la présidence du conseil et Conrad Keijzer, désigné le 8 mars 2018 en qualité de Directeur général délégué, deviendra Directeur général. En raison de la séparation des fonctions de président du conseil et de Directeur général, nous recommandons l'approbation aux résolutions 7 et 10 (renouvellement du mandat de Gilles Michel et nomination de Conrad Keijzer). Par ailleurs, le Conseil a exprimé sa volonté de coopter, lors de sa réunion du 4 mai prochai...

Charles Pinel

Etude de l'AG du 03/05/2017

This year, Imerys till proposes to its shareholder to vote the compensation due to Gilles Michel for 2016, but also to vote on the remuneration policy for 2017 (Sapin II law). It’s disappointing for us to remark that nor the communication, nor the transparency about the remuneration of the first executive of the company wasn’t improved. Moreover, the total remuneration due to the Chairman and CEO for 2016 is still higher than its peers of the SBF 120, and even if we do not have all information to have a clear view of what it will be for 2017, it’s very likely that the same problem will remain ...

Charles Pinel

Etude de l'AG du 03/05/2017

Comme l'année précédente, la rémunération du Président-Directeur Général, Gilles Michel, souffre d’un manque de transparence relatif à la rémunération variable, d'une rémunération actionnariale qui ne semble pas être mesurée sur une performance assez longue pour être considérée comme du long-terme et d'une rémunération totale excédant la médiane de l’indice de cotation. Pourtant, lors des assemblées 2015 et 2016, les Say on Pay de Gilles Michel avaient recueilli seulement 88% et 89% d’approbation. Ces taux d’opposition de plus de 10% sont élevés au regard de la part détenue par l'actionnaire p...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €52.05. The background trend would be questioned should prices rise above €64.70.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 52,05 €. La tendance de fond serait remise en cause en cas de franchissement de 64,70 €.

Jérôme VINERIER

Short term view - IMERYS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €52.05, then €46.47. Passing €64.70 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - IMERYS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 52,05 €, puis 46,47 €. Le franchissement de 64,70 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - IMERYS : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 52,20 €, puis 46,30 €. Le franchissement de 70,03 € remettrait en cause la suite de la baisse.

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