Report
Sven Edelfelt

HeidelbergCement : FCF satisfaisant et guidance maintenue

>EBITDA strictement en ligne avec les attentes - HeidelbergCement a publié un EBITDA T2 2018 en ligne avec le consensus et de nos attentes. L’EBITDA ressort à 936 M€ vs 936 M€ pour le consensus (+3,4% à pcc). Le groupe a enregistré une croissance solide des volumes dans tous ses métiers (ciment : 3.8%, granulats : 4.2%, BPE : 5.0% et Asphalte 8.6%). Au niveau de l’EBITDA, la dynamique de prix s’accélère à 91°M€ au T2 après +27°M€ au T1 et un effet coûts de respectivem...
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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Matthias Desmarais
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