HeidelbergCement : The price/cost differential now a key issue
>H2 2021: between optimism and uncertainty around costs - Our comments on the results can be found in our flash of 29/07 (“Lower Q2 EBITDA, guidance upgraded and € 1bn of share buybacks”), and what we learned from the conference call is as follows. The price/cost differential was the main subject of discussion during the Q&A session at the end of the conference call, and management was reluctant to share its expectations for H2 and in particular its like-for-like EBIT...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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