Imerys Sa Ord (IMYSF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And thank you for standing by. Welcome to the IMRS 2025 First Nine Months and Third Quarter Results 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, 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1, 1 again. Please be advised that 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 Sebastian Rouge, Chief Financial Officer. Please go ahead. Thank you. Good afternoon or good evening to all of you, and thank you for joining us today to review Imerys' first nine months and Q3 2025 results. Next to me this evening, as usual, Sébastien Rouge, our CFO. And as usual, please let me start by giving you some highlights for the nine months we just closed. Imerys' performance for the nine months is the result of a positive start to the year and a softer second part. Q3 reflected an honestly unexpected slowdown in the U.S. economy as a result of uncertainty caused by the U.S. terrorist policy. Europe, even if overall activity remains low, seems to be turning the corner positively. Revenue for the first nine months were $2,583,000,000, slightly down 0.7%, like for like versus last year. Even in this context, which remains challenging, Emeris posted an EBITDA of 421 million in line with last year, like for like, and excluding the contribution of joint ventures. This demonstrates the resilience of our company, also in difficult times. The adjusted EBITDA for the third quarter, 25, was 140 million, representing a 17% margin. A...