Heidelberg Materials : Somewhat confident on 2023
>Recap of the key points - Whilst our comments on the results can be found in our flash published on 23 February (“The price-cost duo has finally become positive again”) our takeaways from the conference call are discussed below. The question of the price/cost differential and volumes once again monopolised the Q&A session. The CEO did not hide its optimism on the trend in the price/cost differential observed since Q4 and the start of FY 2023. Volumes are unsurprising...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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