Report
Jean-Baptiste Rouphael ...
  • Sven Edelfelt

HeidelbergCement : La seule limite à leurs réalisations sera nos doutes d’aujourd’hui

>Une stratégie globalement plus ambitieuse - HeidelbergCement a tenu hier un CMD Sustainability et mis à jour ses objectifs 2025 dévoilés en 2020. Le groupe vise une croissance de son CA de 5% (essentiellement prix), une marge d’EBITDA de 20/22% contre 22% précédemment (effets de l’inflation) à horizon 2025, un ROCE clairement au-dessus de 10% (vs 8%), un levier DN/EBITDA toujours entre 1.5-2.5x, une croissance progressive de son dividende, un possible rachat d’action...
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
Jean-Baptiste Rouphael

Sven Edelfelt

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