HeidelbergCement : Good Q3 figures and confirmed return of pricing power
>Q3 EBITDA: 5% better than the consensus - For Q3 2020, HeidelbergCement reported sales of € 4.886bn (consensus € 4.884bn) and EBITDA of € 1.328bn, or +16.5% l-f-l (consensus € 1.269bn). The group had already indicated at the CMD that it expected double-digit growth in EBITDA. In Q3, the group saw a decline in volumes in all its main markets apart from cement but at a much more modest pace (cement: +0.7%, aggregates: -0.9%, RMC: -5.7%). Q3 sales were down 1% l-f-l an...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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