Q1 2026 Imerys SA Earnings Call Transcript

Apr 29, 2026 / 04:30 PM GMT

Release Date Price: $26.06

Transcript

Key Points

Positve

Imerys (IMYSF) reported a 0.7% increase in revenue at constant exchange rates, driven by volume growth and steady pricing.
Adjusted EBITDA increased by 4% at constant exchange rates, reflecting solid execution, volume increases, and cost control.
The company launched Project Horizon, which is on track to deliver targeted savings of $50 million to $60 million versus the 2025 cost base.
Imerys (IMYSF) announced a binding agreement to acquire Great Lakes Minerals, which is expected to enhance its presence in the industrial minerals market.
The graphite and carbon segment delivered a strong performance with a 10% revenue growth at constant exchange rates, driven by sales of conductive additives for electric vehicles and energy storage systems.

Negative

Imerys (IMYSF) faced significant currency headwinds in Q1, with a negative impact of approximately $40 million or 5% of sales.
The Middle East crisis impacted sales, with an estimated loss of approximately EUR4 million in March due to disruptions at the Bahrain plant.
North America sales were subdued, particularly in the housing segment, due to poor weather conditions and a strong dollar in Q1 2025.
The company anticipates rising energy, raw materials, and logistics costs over the remainder of the year, which could impact profitability.
Net income group share was marginally positive at EUR1 million, affected by restructuring costs related to Project Horizon and other operating expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IMTP.PA - Imerys SA
Q1 2026 Imerys SA Earnings Call
Apr 29, 2026 / 04:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, and good evening to all of you.

Thank you for joining us today to review Emery's Q1 2026 results. With me here, Pierre Lebreui, our CFO.

Let me start, as usual, by giving you some highlights of the first quarter '26.

I'd say immediately a strong quarter for Emirates with organic growth, improved profitability at constant exchange rates in a market which was certainly challenging.

Revenue at $835 million was up 0.7% versus last year at constant FX, driven by volume growth and steady pricing. To be noted, the significant currency headwinds in Q1, representing approximately $40 million or 5% of sales compared to last year, where the dollar was still very strong. Pierre will show you in detail later on this

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