Report
Chaima Ferrandon ...
  • Delphine Brault
  • Sven Edelfelt

HeidelbergCement : La transition écologique au centre du jeu

>Les grandes lignes de la stratégie à 2025 - HeidelbergCement a présenté hier sa stratégie « beyond 2020 ». Le groupe vise une croissance de sa marge d’EBITDA de 300 pb à horizon 2025, un ROCE clairement au-dessus de 8%, un levier DN/EBITDA entre 1.5-2.5x, une croissance progressive de son dividende (vs payout de 40-45% précédemment), un possible rachat d’actions si l’activité se maintient et un taux de conversion en cash de 45% (49% FY19). La société compte poursuivr...
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
Chaima Ferrandon

Delphine Brault

Sven Edelfelt

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