Imerys slips as FY results show goodwill writedown

Imerys SA

20/02/2026 09:40

** Shares in French minerals company Imerys IMTP.PA fall 5.6%, weighed down by a previously undisclosed goodwill impairment in its FY results

** The 467-million-euro ($549.05 million) non-cash charge relates to the 2017 acquisition of Kerneos and represents a 60% writedown of the goodwill tied to that business, a Paris based analyst says

** The analyst adds the impairment signals a more difficult cash-generation trajectory than initially expected

** The move has "polluted" an otherwise good operational performance that was in line with expectations, the analyst says

** Shares are on track for worst day since end-July 2025 if losses persist

($1 = 0.8506 euros)

(Reporting by Jerome Terroy)

((jerome.terroy@thomsonreuters.com))