LafargeHolcim : Q1 propped up by measures to counter COVID-19
>Q1 2020 EBIT beats the consensus (~22%) - EBITDA reached CHF 262m (-2.6% like-for-like), beating the consensus (CHF 215m) and coming out ~20% above our forecast (CHF 219m est.). Note, however, that Q1 accounts for just 7% of full-year EBIT and is therefore not a representative quarter because of the usual seasonal maintenance stoppages. EBITDA came out higher than we expected in all the group’s divisions: North America (a smaller loss than usual) and Asia-Pacific (in...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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