LafargeHolcim : FSBP and ECOPact take centre stage
>Conservative guidance, management confident - Whilst comments on preliminary results were available in our Equity Flash of 26 February (“A good Q4 and 2021 supported by infrastructure plans”), from the conference call we note the following points. Management expressed a degree of confidence whilst acknowledging that its guidance for 2021 is cautious (EBIT at least +7% l-f-l). At the same, CEO Jan Jenisch, indicated that the aim for a cash conversion rate on EBITDA of...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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