Report
Sven Edelfelt

LafargeHolcim : Un début d’année porté par une bonne dynamique de prix

>EBITDA T1 2019 au-dessus du consensus (~7%) - L’EBITDA ressort à 809 MCHF (+20.6% à pcc), au-dessus du consensus (754 MCHF) et au-dessus de nos attentes de ~8% (747 MCHFe). Par rapport à nos estimations, l’EBITDA est supérieur à nos attentes dans toutes les divisions à l’exception de l’Amérique du Nord (-37% sur un petit trimestre et non représentatif) et l’Asie-Pacifique (en ligne). A l’inverse, l’Amérique latine (+11%), l’Afrique (+5%) et l’Europe (+14%) ressorten...
Underlying
HOLCIM AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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