Report
Sven Edelfelt

HeidelbergCement : L’année avait pourtant si bien commencé

>EBITDA 16% au-dessus du consensus - HeidelbergCement a publié un EBITDA T1 2020 au-dessus du consensus et nos attentes, à 405 M€ vs 348 M€ pour le consensus, soit 16% au-dessus (2% à pcc). Au T1, le groupe a enregistré une baisse des volumes dans ses principaux métiers (ciment : -2%, granulats : -4%, BPE : -7% et Asphalte -7%). Le CA ressort ainsi à 3 930°M€ en recul de 8% à pcc et 7% en réel. Au niveau de l’EBITDA, la dynamique de prix reste bonne et couvre désormai...
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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