Imerys Sa Ord (IMYSF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the MRS Q1 2025 Results Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your questions, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Alessandro Daza, CEO. Please go ahead. Good evening to all of you, and thank you for joining us today to review Imerys Q1 2025 results. With me here tonight, Sébastien Rouge, our CFO. As usual, let me start by giving you some highlights of the first quarter of the year. Imerys continues on its growth path despite an uncertain environment and weak industrial markets, especially in Europe. First quarter revenue reached 871 million, which is a 0.7% organic growth at constant scope and exchange rate versus the first quarter of last year. This is the fourth consecutive quarter of organic growth. The adjusted EBITDA for the period amounted to 128 million euro, benefiting from an improved contribution from the performance minerals business and the graphite and carbon business. It also reflects a scope change and a deterioration in the contribution from joint ventures compared I remind you, to an exceptional performance in the first quarter of 2024. Net of the contribution of JVs and these scope effects, this performance is an improvement both in absolute and percentage terms compared to 2024. Finally, Imerich is reaffirming its commitment to sustainability through two significant actio...