LafargeHolcim : Another good quarter!
>Q3 2019 EBITDA ahead of the consensus (~3%) - EBITDA came in at CHF 1.881bn (+6.4% l-f-l), beating the consensus (CHF 1.822bn) and our expectations (CHF 1.791bn). The group turned in a good performance thanks to a catch-up effect, particularly in the US and to a lesser extent in Asia.Relative to our estimates (see page 2), EBITDA was higher in all the divisions except for Africa Middle East. Huaxin contributed to EBITDA to the tune of CHFÂ 112m after CHFÂ 150m in ...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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