LafargeHolcim : Good Q2 figures buoyed by pricing and self help
>Q2 2019 EBITDA beat the consensus (~2%) - EBITDA came in at CHF 1.853bn (+7.1% l-f-l), beating the consensus (CHF 1.822bn) and our expectations (CHF 1.821bne). This is a good performance given the negative volume effects, as for its competitors. Relative to our estimates (see page 2), EBITDA was better in all the divisions except for Africa Middle East and Europe (in line). Huaxin made an EBITDA contribution of CHF 150m after CHF 62m in Q1 and CHF 107m in Q3/Q4 2018 ...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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