Report
Sven Edelfelt

HeidelbergCement : Q2 results actually not that bad!

>Preliminary EBITDA 41% above the consensus - In the preparation of the H1 2020 financial report, the preliminary figures for Q2 diverge from market expectations. As a result, HeidelbergCement published its preliminary key figures for Q2. Preliminary sales amount to € 4,324m in Q2 2020 versus € 3,907m for the market and € 4,120m for ODDO-BHF. Preliminary EBITDA stands at € 999m for Q2 2020 versus € 707m for the market and € 734m for ODDO-BHF (41% above the consensus)...
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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