Report
Sven Edelfelt

HeidelbergCement : The 2019 dividend depends on coronavirus

>Prepare for the worst and hope for the best - Whilst comments on preliminary results are available in our flash of 19 (“CEO’s surprise, no guidance!”), from the conference call, we note the following points. A main point is that the group has pushed back its AGM and reserved the right to change the amount of the dividend announced yesterday at € 2.2. Whilst management believes that the group is currently in a position to pay, uncertainty linked to coronavirus present...
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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