HeidelbergCement : Q3 2021 under pressure from energy costs
>Q3 EBITDA fell 3% short of the consensus - HeidelbergCement reported Q3 2021 sales of € 5.058bn (9M 2021: € 13.996bn) and Q3 2021 EBITDA of € 1.176bn (9M 2021: € 2,896m). Q3 sales came in 3.7% higher l-f-l and 3.5% in real terms (details on page 2). EBITDA was 3% below estimates but the Vara consensus factors in a forecast up +3.9% l-f-l vs a median at -91% l-f-l. The accuracy of this estimate is called into question in the current context of energy cost hikes and s...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.
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