Decent Start to LafargeHolcim's 2017 on Like-for-Like Basis, but Risk-Adjusted Upside Still Limited
LafargeHolcim started 2017 with solid performance. On a like-for-like basis, cement volumes were flat, while aggregates shipments were up almost 4% over the prior-year quarter. On an as-reported basis, sales fell by 7% and adjusted operating EBITDA fell nearly 5%. However, much of this was driven by the divestment of Chinese assets, rather than a reflection of severe weakness in the business. On a like-for-like basis, sales were actually up more than 5%, and adjusted operating EBITDA was up near...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.