LafargeHolcim : Guidance logically dropped, but not the dividend
>An action plan: “Health, Cost & Cash†- To offset the financial impact of the situation, LafargeHolcim has launched an action plan in all countries. The group is looking to: 1/ reduce capex by at least CHF 400m relative to 2019; 2/ cut fixed costs by CHF 300m in 2020; 3/ lower energy prices and fully review all third-party products and services; and 4/ reduce the net working capital requirement at least in line with the level of activity. These logical and expec...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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