Imerys S.A. (IMYSF) Q2 2025 Earnings Call Transcript

0


Imerys S.A. (OTCPK:IMYSF) Q2 2025 Earnings Conference Call July 29, 2025 12:30 PM ET

Company Participants

Alessandro Dazza – Chief Executive Officer
Sébastien Thierry Rouge – Chief Financial Officer

Conference Call Participants

Aron Ceccarelli – Joh. Berenberg, Gossler & Co. KG, Research Division
Ebrahim Homani – CIC Market Solutions, Research Division
Jason Robert Fairclough – BofA Securities, Research Division
Sven Edelfelt – ODDO BHF Corporate & Markets, Research Division

Alessandro Dazza

Good afternoon to all of you, and thank you for joining us today to review Imerys H1 ’25 results. With me this afternoon, as usual, Sebastien Rouge, our CFO. And as usual, please let me start by giving you a few highlights of the semester we just closed and in particular, on the second quarter of the year.

I think Imerys delivered a very resilient H1 result. On a comparable basis, our sales were flat, and our EBITDA for the underlying business was even up. And I think this is a great achievement considering the environment around us.

If we go a bit more in detail, the performance in the first half was the result of a good start in the year with a solid Q1 and for sure, a softer Q2 as, let’s say, this sudden and unpredictable U.S. tariff policy and especially the changes thereof triggered a global uncertainty and weakened demand a bit everywhere, but also in North America.

Despite softer volumes in Q2, organic growth for the first half of the year was flat, basically compared to last year. Even in this, let’s say, challenging context, we posted an increase in EBITDA versus last year, 1.7% , both for the second quarter and for the full first half excluding, of course, perimeter and the contribution of JV as well as change, which in Q2, turned significantly negative reporting in euro, and Sebastien will show you the impact of the

Leave a Reply

Your email address will not be published. Required fields are marked *