Imerys has announced its Q1 20 results which were roughly in line with our expectations. As we expected, the Performance Minerals segment was more resilient than High Temperature Materials & Solutions. While the group is observing a decent level of activity worldwide, our main concern is the destocking in Imerys’ end-markets and its working capital management. We will have more clarity on this during H1 result. We will make minor adjustments to our model which will have no significa
30 Apr 2020
Decent Q1 sales but WCR management paramount for 2020
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Decent Q1 sales but WCR management paramount for 2020
Imerys SA (NK:PAR) | 0 0 1.4% | Mkt Cap: 6,735m
- Published:
30 Apr 2020 -
Author:
Sejal Varshney -
Pages:
3
Imerys has announced its Q1 20 results which were roughly in line with our expectations. As we expected, the Performance Minerals segment was more resilient than High Temperature Materials & Solutions. While the group is observing a decent level of activity worldwide, our main concern is the destocking in Imerys’ end-markets and its working capital management. We will have more clarity on this during H1 result. We will make minor adjustments to our model which will have no significa