Report
Sven Edelfelt

Heidelberg Materials : Price cost effect set to turn positive again shortly

>Set for a decent earnings report - Publication of the 2022 annual results on 23 February before trading and conference call at 2.00pm CET. We look for Q4 EBITDA of € 990m (+1.1% reported and -1.5% l-f-l). No consensus forecasts have been published at this stage, but it is likely to be close to our estimates (Visible Alpha at € 994m). After some challenging quarters, Heidelberg Materials should at last show a positive price cost effect which we put at ~€ 90m (-€ 4m in...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch