LafargeHolcim : Q1 better than anyone expected
>Q1 EBIT 70% > consensus thanks to volume/price effects and costs - EBIT came to CHF 528m (+130.7% like-for-like and +101.5% in real terms), which is well above the consensus (CHF 310m) and our own forecast (CHF 304me). Q1 is a small quarter for the group (7%-15% of full-year EBIT) and not representative of its full-year performance due to the usual seasonal maintenance stoppages, but this solid Q1 performance will nonetheless have an impact on the full year. EBIT bea...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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