Report
Eric Lemarie

LAFARGEHOLCIM - NEUTRAL | CHF47 vs. CHF49 (+12%) Strong EBITDA in Q3 but guidance slightly adjusted downwards for the FY

LAFARGEHOLCIM - NEUTRAL | CHF47 vs. CHF49 (+12%)
Strong EBITDA in Q3 but guidance slightly adjusted downwards for the FY

Acceleration in EBITDA growth in Q3
Mixed performance by region
Slightly better outlook for revenues, slightly worse for EBITDA
Neutral rating unchanged
Underlyings
HOLCIM AG

LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Eric Lemarie

Other Reports on these Companies
Other Reports from Bryan Garnier

ResearchPool Subscriptions

Get the most out of your insights

Get in touch