Report
Sven Edelfelt

HeidelbergCement : Cement works, ideas and human capital

>Feedback from roadshow with CFO in Paris - We organised a roadshow in Paris with CFO Dr. Lorenz Näger and Piotr Jelitto (IR). A key takeaway is that management is still confident on its 2019 guidance given strong pricing and a lower cost base in Q4. The roadshow focused on a number of current issues: European CO2 quotas, plant upgrades in the US, infrastructure in Germany and, disposals.European CO2 regulations: a new era or a swan song? - Heidelberg...
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

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