Imerys (OTCPK:IMYSF)

$ 30.33 0 (0%) Market Cap: 2.57 Bil Enterprise Value: 3.88 Bil PE Ratio: 0 PB Ratio: 0.74 GF Score: 72/100

Q1 2019 Imerys SA Earnings Call Transcript

May 06, 2019 / 04:00PM GMT

Release Date Price: $51.88

Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to the 2019 first quarter results conference call. (Operator Instructions) And just to remind you all, this conference call is being recorded.

I'll now like to hand over to the Chairperson, Mr. Conrad Keijzer. Please begin your meeting, and I'll be standing by.

Conrad Keijzer

Imerys SA - CEO & Director

Good evening, everyone. Thank you for joining our Imerys First Quarter 2019 Financial Results Conference Call.

Our revenue decreased by 0.5% to EUR 1.124 billion from prior year, but was up 1.1% when restated for the deconsolidation of our North America Talc business. Our current operating income was EUR 110 million, down 15.4% from prior year and down 13% when restated for the deconsolidation of our North America Talc business. As anticipated, these results were achieved in a context of continued challenging market conditions and a demanding comparison basis versus a strong first quarter in 2018.

Our group has benefited from a favorable price/mix effect of 2.6%, which has more

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