Heidelberg Materials : Optimism and new share buyback programme
>Q4 EBITDA in line with expectations - Heidelberg Materials this morning reported Q4 2023 EBITDA of € 1.079bn (+9.8% l-f-l) vs € 1.074bn for the market, i.e. in line with the consensus (FY 23: € 4.258bn or 19.2% l-f-l at the upper end of the guidance range of € 4.11-4.26bn). Sales amounted to € 5.094bn, flat l-f-l (FY 23: € 21.178bn, +4.4% l-f-l). For EBITDA, the price/cost differential was +€ 218m in Q4 after € 453m in Q3, € 140m in Q2 and € 249m in Q1. The margin...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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