HeidelbergCement : Q3 marked by fresh initiatives
>EBITDA short of expectations (pre-profit warning) - HeidelbergCement has reported Q3 2018 EBITDA short of the consensus and our forecasts. But these forecasts date from before the profit warning on 18 October (see flash “Buy two, get one free! â€). EBITDA totalled € 1,039m vs € 1,076m for the consensus, i.e. 3.4% below the consensus (+2.2% l-f-l). In Q3, the group chalked up a good level of volume growth in its main businesses (cement: 5.9%, aggregates: 1.3%, RMC: 4.8...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.
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.
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