Heidelberg Materials : Getting off to a good start
>A quiet Q1 2024, as expected, but an improvement in April! - The comments on Q1 2024 are available in our equity flash of 7 May (“Slow and steady wins the race”). Our takeaways from the conference call are given below. The CEO remains optimistic on the price cost differential in the context of falling fuel prices whilst sales volumes were up slightly in April. The group has activated the closure of some industrial sites in key markets. Management appears to be workin...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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