HeidelbergCement : Lower Q2 EBITDA, guidance upgraded and € 1bn of share buybacks
>Q2 EBITDA fell 4% short of the consensus - HeidelbergCement reported Q2 2021 sales of € 4.98bn (H1 2021: € 8.938bn) and Q2 2021 EBITDA of € 1.182bn. Q2 sales came in 17.9% higher on l-f-l and 15.2% in absolute terms. In Q2, the group posted volume growth in all its main businesses (cement: 17%, aggregates: +12%, RMC: +15% and asphalt +11%). At the EBITDA level, the price/cost differential is back in negative territory (less fuel coverage) and stood at -€ 66m in...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.