HeidelbergCement AG,

HeidelbergCement is engaged in the production and distribution of cement and aggregates, concrete and building products. Co.'s product range is complemented by downstream activities, such as ready-mixed concrete, concrete products, and concrete elements; in some countries, asphalt and building products, such as bricks and roof tiles, lime, or sand-lime bricks, are also manufactured. Furthermore, Co. provides services such as worldwide trading in cement and coal by sea. Co.'s products are used for the construction of houses, infrastructure, and commercial and industrial facilities.
  • TickerHEI
  • ISINDE0006047004
  • SectorConstruction & Materials
  • CountryGermany
Alfred Glaser ...
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Danjou
  • Maissa Keskes
  • Martial Descoutures
  • Martin Marandon-Carlhian
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Oussema Denguir
  • Sebastien Malafosse
  • Slim Bouasker
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

AXA : Dear clients, We are very pleased to officially announce a partnership agreement between our group and ABN AMRO in equity brokerage. In adding a new domestic market to its platform, ODDO BHF is looking to become your new key provider for research an

...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : The ecological transition at centre stage

>The main thrusts of the strategy out to 2025 - HeidelbergCement yesterday presented its “Beyond 2020” strategy. The group is aiming for growth in the EBITDA margin of 300bp out to 2025, a ROCE clearly above 8%, a ND/EBITDA ratio of 1.5-2.5x, gradual growth in the dividend (vs a payout of 40-45% previously), a possible share buyback if activity holds up and a cash conversion rate of 45% (49% in 2019). The company plans to continue asset disposals and will not limit it...

Alfred Glaser ...
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Florent Laroche-Joubert
  • Maissa Keskes
  • Martial Descoutures
  • Martin Marandon-Carlhian
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Oussema Denguir
  • Sebastien Malafosse
  • Slim Bouasker
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

AXA : OChers clients, Nous sommes très heureux de vous annoncer l’officialisation d’un accord de partenariat entre notre Groupe et ABN AMRO dans les métiers de l’intermédiation actions. En ajoutant un nouveau marché domestique à sa plateforme, ODDO BHF so

...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : La transition écologique au centre du jeu

>Les grandes lignes de la stratégie à 2025 - HeidelbergCement a présenté hier sa stratégie « beyond 2020 ». Le groupe vise une croissance de sa marge d’EBITDA de 300 pb à horizon 2025, un ROCE clairement au-dessus de 8%, un levier DN/EBITDA entre 1.5-2.5x, une croissance progressive de son dividende (vs payout de 40-45% précédemment), un possible rachat d’actions si l’activité se maintient et un taux de conversion en cash de 45% (49% FY19). La société compte poursuivr...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : Qu’attendre du CMD?

>Des changements dans la continuité - Le CMD du 16 septembre prochain sera l’occasion de fixer de nouveaux objectifs stratégiques à moyen-long terme. Au global, nous n'attendons pas de bouleversement dans la stratégie du groupe dans la mesure où 1/ Dr Lorenz Näger va rester CFO jusqu’en mai 2022 pour assurer la transition et il est devenu Deputy Chairman en février 2020, 2/ Dr Bernd Scheifele reprendra du service et deviendra président du conseil de surveillance en 20...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The MSCI ACWI and ACWI ex-US have managed to break above their respective 200-day moving averages, providing further evidence that global equities are going through a bottoming process. • Remain overweight China which is leading global equities higher. RS uptrends remain intact for the Shanghai Composite and MSCI China indexes. In today's report we highlight a number of actionable charts Chinese companies, focusing on less-exploited price patterns... see page 2. • EAFE small- vs large-cap ratio exhibits early signs of bottoming. We view the potential bottom for the MSCI EAFE small- vs. ...

Valérie GASTALDY

Short term view - HEIDELBERGCEMENT AG : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €64.70. The next target is at €57.20, then €53.04. Passing €64.70 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - HEIDELBERGCEMENT AG : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 64,70 € prochainement. Le prochain objectif est à 57,20 €, puis 53,04 €. Le franchissement de 64,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse court terme - HEIDELBERGCEMENT AG : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 57,20 €. La tendance de fond serait remise en cause en cas de franchissement de 64,70 €.

Valérie GASTALDY

Short term view - HEIDELBERGCEMENT AG : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €57.20. The background trend would be questioned should prices rise above €64.70.

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : The ecological transition at centre stage

>The main thrusts of the strategy out to 2025 - HeidelbergCement yesterday presented its “Beyond 2020” strategy. The group is aiming for growth in the EBITDA margin of 300bp out to 2025, a ROCE clearly above 8%, a ND/EBITDA ratio of 1.5-2.5x, gradual growth in the dividend (vs a payout of 40-45% previously), a possible share buyback if activity holds up and a cash conversion rate of 45% (49% in 2019). The company plans to continue asset disposals and will not limit it...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : La transition écologique au centre du jeu

>Les grandes lignes de la stratégie à 2025 - HeidelbergCement a présenté hier sa stratégie « beyond 2020 ». Le groupe vise une croissance de sa marge d’EBITDA de 300 pb à horizon 2025, un ROCE clairement au-dessus de 8%, un levier DN/EBITDA entre 1.5-2.5x, une croissance progressive de son dividende (vs payout de 40-45% précédemment), un possible rachat d’actions si l’activité se maintient et un taux de conversion en cash de 45% (49% FY19). La société compte poursuivr...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : Qu’attendre du CMD?

>Des changements dans la continuité - Le CMD du 16 septembre prochain sera l’occasion de fixer de nouveaux objectifs stratégiques à moyen-long terme. Au global, nous n'attendons pas de bouleversement dans la stratégie du groupe dans la mesure où 1/ Dr Lorenz Näger va rester CFO jusqu’en mai 2022 pour assurer la transition et il est devenu Deputy Chairman en février 2020, 2/ Dr Bernd Scheifele reprendra du service et deviendra président du conseil de surveillance en 20...

Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt
  • Virginie Rousseau

HeidelbergCement : What to expect from the CMD?

>Change and continuity - The CMD planned for 16 September will provide an opportunity for the group to set new medium-term strategic targets. We do not expect any major changes to the group’s strategy in that: 1/ Dr Lorenz Näger will remain CFO until May 2022 to ensure the transition and became deputy chairman in February 2020, 2/ Dr Bernd Scheifele will return to his role and become chairman of the supervisory board in 2022.The group should continue to target no...

Sven Edelfelt ...
  • Virginie Rousseau

HeidelbergCement : Cautiously optimistic going forward

>Q2 in line with the ad-hoc press release - While our comments on the preliminary results are available in our flash from 19/03 (“A solid Q2 2020 and in line with the ad-hoc press release”), we provide the highlights from the conference call here. Management sounded generally confident about July (we expect growth will probably reach several percentage points). The CFO seemed rather optimistic about cash generation and net debt levels in 2020. During the conference ca...

Remi Ramadou

HEIDELBERGCEMENT- 4Q17 - Strong results enable meeting of FY guidance

HeidelbergCement (‘HC’), the German cement maker, has published solid 4Q17 results on the back of good sales volume and pricing momentum in key countries, plus sizeable synergies with Italcementi. LFL sales were up 5.2% yoy to €4.26bn in Q4 and LFL EBITDA increased by a high 16% to €890m, above the market consensus (€862m).

HeidelbergCement AG: Strong synergy delivery enables HC to achieve the lower end of its 2017 earnings guidance

HC achieves the lower end of its 2017 earnings guidance despite cost inflation and mixed market conditions

HeidelbergCement AG: HeidelbergCement extends RCF at low cost, a credit positive

HeidelbergCement achieves strong pricing on new RCF

HeidelbergCement AG - September 2017 (LTM): Peer Snapshot

Peer Snapshot: HeidelbergCement AG - September 2017 (LTM) 21 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

HeidelbergCement AG: Key Facts and Statistics - 9M September 2017

CORPORATES ISSUER PROFILE 21 December 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Management strategy 4 Financial highlights 6 Capital structure and debt maturity 8 Company management 9 Ownership structure 10 Peer group 10 Subsidiaries rated by Moody’s 11 Related websites and information

Alfred Glaser ...
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Danjou
  • Maissa Keskes
  • Martial Descoutures
  • Martin Marandon-Carlhian
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Oussema Denguir
  • Sebastien Malafosse
  • Slim Bouasker
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

AXA : Dear clients, We are very pleased to officially announce a partnership agreement between our group and ABN AMRO in equity brokerage. In adding a new domestic market to its platform, ODDO BHF is looking to become your new key provider for research an

...

Alfred Glaser ...
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Florent Laroche-Joubert
  • Maissa Keskes
  • Martial Descoutures
  • Martin Marandon-Carlhian
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Oussema Denguir
  • Sebastien Malafosse
  • Slim Bouasker
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

AXA : OChers clients, Nous sommes très heureux de vous annoncer l’officialisation d’un accord de partenariat entre notre Groupe et ABN AMRO dans les métiers de l’intermédiation actions. En ajoutant un nouveau marché domestique à sa plateforme, ODDO BHF so

...

Alfred Glaser ...
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2020

...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Hana Jomni
  • Harald Eggeling
  • Haythem BOHLI
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2020

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HEIDELBERGCEMENT sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of HEIDELBERGCEMENT (DE), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date July 31, 2020, the closing price was EUR 46.92 and its target price was estimated at EUR 37.91.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

HeidelbergCement – AGM 4 june 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights ay therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company.   Item 2: In view of the scope and extent of the COVID-19 pandemic and the still high level of uncertainty regarding future developments, the Management Board and the Supervisory Board of HeidelbergCement AG have decided to suspend t...

Expert Corporate Governance Service (ECGS)

HeidelbergCement - AGM 09 May 2019

Item 5: Ernst & Young, Stuttgart, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that Ernst & Young has audited the Company since the financial year 1948 which significantly exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of Ernst & Young as auditor. Items 6a, 6b, 6c and 6e: We recommend to oppose the re-election of Fritz-Jürgen Heckmann, Ludwig Merckle, Tobias Merckle and Prof. Dr. Marion Weissenberger-Eibl to the Supervisory Board due to our concerns over the ...

HEIDELBERGCEMENT – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 10/05/2017

Item 5: Ernst & Young, Stuttgart, is proposed as auditor for the current financial year. Ratio of non-audit/audit fees was 67.39% during the year under review and 68.64% over a three-year aggregate period which exceeds our guidelines. Furthermore, we note that Ernst & Young has audited the Company since at least the financial year 2000 (no earlier data available) which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of Ernst & Young as auditor​

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