HeidelbergCement : Un T2 un peu juste, vivement la baisse des coûts d’énergie du T3
>EBITDA 1% en dessous du consensus et bon pricing power - HeidelbergCement a publié un EBITDA T2 2019 à 972 M€ très légèrement en dessous du consensus (985 M€) et de nos attentes, soit 1.3% en dessous du consensus (croissance de +0.7% à pcc vs 2.1% pour le consensus). Au T2, le groupe a enregistré une baisse des volumes de tous ses principaux métiers compte tenu des aléas climatiques (ciment : -2.4%, granulats : -4.2%, BPE : -0.5% et Asphalte -4.1%). Le CA ressort ain...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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