Report
Sven Edelfelt

HeidelbergCement : A quality company, buy the dip

>Feedback from the roadshow with the CFO in Paris - We organised a road show in Paris with Dr. Lorenz Näger (CFO), Andreas Schaller (Director of Communication and IR) and Piotr Jelitto (IR).The company had a confident and cautiously optimistic message following the profit warning (18/10); favourable comps for the next few quarters, energy costs seen remaining high in 2019 and the capital allocation strategy might lead to share buybacks (mid-2019).For...
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
Sven Edelfelt

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Klaus Ringel
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