LafargeHolcim : Start to the year buoyed by brisk price momentum
>Q1 2019 results higher than the consensus (~7%) - EBITDA came in at CHFÂ 809m (+20.6% l-f-l), above the consensus (CHFÂ 754m) and ahead of our estimate of 8% (CHFÂ 747m). Relative to our estimates, EBITDA topped our estimates in all divisions apart from North America (-37% over a small and unrepresentative quarter) and Asia-Pacific (in line). Conversely, Latin America (+11%), Africa (+5%) and Europe (+14%) exceeded expectations. Huaxin contributed to EBITDA to the tune ...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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