LafargeHolcim : Surprise!
>Q2 EBIT >29% above the consensus and record cash flow - Q2 EBIT came to CHFÂ 932m (-31.6% l-f-l), 29% above the consensus (CHFÂ 725m) and 38% above our estimate (CHFÂ 675m est.). The group turned in a good performance despite very negative volume effects due to the lockdown. In June, all regions returned to higher levels than last year (+5% l-f-l in June after -18% in May and -37% in April). Cost savings came to CHFÂ 275m in H1 versus CHFÂ 300m expected for the full yea...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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