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Imerys S.A. (IMYSF) CEO Alessandro Dazza on Q3 2021 Results - Earnings Call Transcript

Nov. 02, 2021 6:38 PM ETImerys S.A. (IMYSF) Stock
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Imerys S.A. (OTCPK:IMYSF) Q3 2021 Results Conference Call November 2, 2021 1:30 PM ET

Company Participants

Alessandro Dazza - Chief Executive Officer

Sebastien Rouge - Chief Financial Officer

Conference Call Participants

Sven Edelfelt - Oddo Securities

Mourad Lahmidi - Exane BNP Paribas

Jean-Christophe Lefèvre - CM CIC Securities


Good day and thank you for standing by, and welcome to Imerys First Nine-months and Third Quarter Results 2021 Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now turn the conference over to speaker today, CEO, Alessandro Dazza. Thank you. Please go ahead.

Alessandro Dazza

Good evening to all of you. Thank you for joining us today to review Imerys results for the third quarter and for the first nine-months of 2021. With me next to me here this evening, Sebastien Rouge, our CFO.

For sure, third quarter was a challenging one characterized by growing inflation on all fronts, and further supply chain disruptions. And I believe frankly that the next quarter will be just as challenging. However, also in this context, Imerys has shown solid performance, as you will see in the coming slides underlying the quality of this company.

Let me now share with you a few highlights of the quarter, as well as some key financial KPIs. First of all, the group continued to outperform market by delivering, again, double-digit organic growth 18.6% to be precise, carried by good commercial performance of the team, and, of course, continuous recovery of most of our end markets. And we will go in more details later on.

Supply chain and logistics remain an issue, both in terms of costs and even more worrying availability. But again, I will go in more detail if you wish. Inflation accelerated

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