Holcim : Reassuring Q3 on prices/costs
>Q3 EBIT 4.5% above the consensus - Q3 EBIT came to CHF 1,534m (+4.7% l-f-l) vs the consensus forecast of CHF 1,468m and our estimate of CHF 1,463m est. The group held up well in the context of a less favourable base effect and higher energy prices. Relative to our estimates (see page 2), EBIT was higher in the Asia-Pacific, Europe and Latin America divisions. All told, the contribution from JVs came to CHF 105m in Q3 after CHF 141m in Q2 (vs CHF 132m in Q3 2020). The...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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