Holcim : Pushing despair to the limit before the uptick
>Q3 EBIT 2% above expectations - Q3 EBIT was CHF 1,674m (+8.8% l-f-l and +4.6% on a reported basis), above the consensus (CHF 1,650m) and our forecasts (CHF 1,616m est.). The margin was 23.5%, up 171bp vs 2023. EBIT is above market expectations in all divisions apart from Europe and AMEA (in line): Latin America (+3.6%), North America (+1.1%) and Solutions & Products (4%).Q3 2024 sales were CHF 7,120m (+0.3% l-f-l and -3.0% reported), in line with the consensus (...LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
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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