LafargeHolcim Shares Fall 3% After Slow Start to the Year, but Upside Still Looks Limited
LafargeHolcim reported a slow start to 2018, as more normalized winter conditions led to year-over-year recurring EBITDA decline in Europe and very low growth in North America. Other regions didn’t fare much better, leading to a like-for-like decline of nearly 8% in recurring EBITDA companywide over the prior-year quarter. Unfavorable foreign exchange rate shifts drove an additional 4% decline in recurring EBITDA, leading to first-quarter recurring EBITDA of CHF 700 million compared with CHF 808...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.
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