HeidelbergCement : Too soon to raise the guidance
>Q1 2021 EBITDA in line with the ad-hoc press release - HeidelbergCement reported Q1 2021 EBITDA in line with its preliminary results and above the consensus (cf. our Flash of 16/04 “Q1 beats all expectations”). EBITDA came to € 541m (reminder, consensus at € 436m, i.e. 23% higher). In Q1, the group posted growth in volumes in its main businesses (cement: 2.9%, aggregates: 2.0% and ready-mix concrete: 2.5%). At the EBITDA level, price momentum remains good and continu...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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