LafargeHolcim : Q3 beats all expectations
>EBIT 8% better than the consensus - EBIT came in at CHF 1.445bn (+10% l-f-l), beating the consensus (CHF 1.336bn) and our expectations (CHF 1.333bn). As we expected (see our flash of 16 October), the group turned in very solid performances. Relative to our estimates (see page 2), EBIT beat market expectations in all the divisions except for North America. Price momentum remains good, with the price/cost differential at CHF 267m in Q3 after CHF 288m in Q2 and CHF 136m...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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