HeidelbergCement : The past teaches us, the future rewards us
>Caught between higher costs and falling demand for new builds - Our comment to the earnings release can be read in yesterday’s note (“EBITDA better than expected but guidance downgraded”). Our highlights from the conference call now follow. The issue of the price-cost differential and a feared slowdown dominated the Q&A part. But while management acknowledged that it expects a slowdown in new housing construction, the CEO remained upbeat given the demand in infrastru...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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