HeidelbergCement : Cautiously optimistic going forward
>Q2 in line with the ad-hoc press release - While our comments on the preliminary results are available in our flash from 19/03 (“A solid Q2 2020 and in line with the ad-hoc press releaseâ€), we provide the highlights from the conference call here. Management sounded generally confident about July (we expect growth will probably reach several percentage points). The CFO seemed rather optimistic about cash generation and net debt levels in 2020. During the conference ca...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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