Half Year 2021 Imerys SA Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Mourad Lahmidi - Exane BNP Paribas, Research Division - Analyst : Actually my question was on variable costs. So it was already asked by the previous analyst. But let me follow up on this one. So you kept the variable cost in check, during Q2 only an increase of EUR 1 million. I was wondering how much of that comes from the fact that some of the cost of goods sold were still in inventories -- embedded in your inventories? And how much comes from real savings?

Question: Mourad Lahmidi - Exane BNP Paribas, Research Division - Analyst : Okay. Great. And in terms of sequence, do you see inflation picking up in Q3? Or have you already seen that inflation pick up? For instance, you talk about logistic and transport, where we have seen a tremendous increase. Is it behind or still ahead of you guys?

Question: Mourad Lahmidi - Exane BNP Paribas, Research Division - Analyst : Okay. And when you say EUR 60 million to EUR 70 million extra cost compared to what you anticipated at the beginning of the year, that means that the headwind of 2021 will be EUR 60 million to EUR 70 million or more than that?

Question: Mourad Lahmidi - Exane BNP Paribas, Research Division - Analyst : And on the pricing side, so have you set the new pricing window for the rest of the year? Or are you planning to increase prices on a quarterly basis now rather than an annual basis?