Imerys Sa Ord (IMYSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the IMMERYS half year 2026 results. 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 question you can press star 1 and 1 again. Please be advised, today's conference is being recorded. I would now like to hand the conference over to your speakers today, Alessandro Dazza, Chief Executive Officer, and Pierre Lebreuil, Chief Financial Officer. Please go ahead. Thank you, and good evening to all of you. Thank you for joining us, as usual, to review Imerys H1 2026 results. Next to me, Pierre Lebreuil, our CFO. Let me start by giving you some highlights of the first semester of 2026. Strong Q2, which led to a very solid first half performance with higher sales, higher volumes, firm pricing, costs under control, and consequently, a material expansion of EBITDA and EBITDA margins. Second quarter results further accelerated the positive momentum which we presented already at the end of Q1. We can be, I would say, proud given the current general environment around us. So revenue, to go a bit more in detail, revenue was above 1.7 billion euros, up 1.8% versus last year at constant FX. driven by volume growth and firm pricing. Sales volume were up 0.5%, reflecting the contribution of recent capacity expansions and the strong performance of our commercial teams, offsetting the impact of some subdued demands in certain markets, weakness in Europe, and a little bit the Middle East following the conflict. Specific at the Middle East, limited impact. You might recall in Apr...