Report
Sven Edelfelt

HeidelbergCement : Return to better fortune on the cards in H2

>2018 guidance maintained - Our comments on the Q2 figures can be found in our Equity Flash published on 31 July (“Satisfactory FCF and guidance maintained”). Our takeaways from the conference call are given below. The group maintained its guidance for l-f-l EBITDA growth in the mid-to-high single digits, implying l-f-l EBITDA growth of approximately 12% in H2. This is challenging, but not impossible.End to production issues, good pricing momentum and qua...
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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