Report
Chaima Ferrandon ...
  • Sven Edelfelt

Heidelberg Materials : Nothing special to report on Q3 2024

>Q3 EBITDA 2% ahead of expectations - Heidelberg Materials published Q3 2024 sales of € 5,756m (9M 2024: € 15,750m) and Q3 2024 EBITDA of € 1,451m (€ 3,280m in 9M 2024), beating consensus expectations (sales € 5,599m and EBITDA € 1,421m). Q3 sales were stable l-f-l. At the EBITDA level, the price-cost differential worked out at € 93m after € 147m in Q2, € 189m in Q1, € 218m in Q4 and € 453m in Q3. The EBITDA margin improved further in Q3 to 25.2%, or +39bp, after +130...
Underlying
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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Chaima Ferrandon

Sven Edelfelt

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