Heidelberg Materials : The price-cost duo has finally become positive again
>Q4 EBITDA >2.5% consensus and net debt > forecasts - HeidelbergMaterials reported this morning Q4 2022 EBITDA of € 1,021m (+3.1% l-f-l) vs € 996m for the market, i.e. 2.5% above the consensus (FY 2022: € 3,739m i.e. growth of -3.5% reported and -5.1% l-f-l). Sales came to € 5,293m, up 10.6% l-f-l and of 12.1% in reported terms (FY 2022: € 21,095m i.e. growth of +12.7% reported and +11.9% l-f-l). In Q4, the group saw a decline in volumes in its main businesses (cement...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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