Free Trial

Imerys (Baa3/BBB-): 1Q24 Results

BASIC INDUSTRIES

Strong results. Positive for spreads


• Imerys reported after the close yesterday. Revenue beat by 2%; there are few analyst estimates available however.

• Adj. EBITDA appears to be a new measure so we can’t compare to consensus. However, this did grow 9% YoY, despite sales 7% lower, thanks to the cost savings program.

• Describes residential as “lacklustre” particularly in Europe. Expecting volume improvements in the coming quarters.

• Sale of paper market assets expected to close in 2024.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.