Report
Sven Edelfelt

LafargeHolcim : Un bon T2 porté par les prix et le self help

>EBITDA T1 2019 au-dessus du consensus (~2%) - L’EBITDA ressort à 1 853°MCHF (+7.1% à pcc), au-dessus du consensus (1 822°MCHF) et de nos attentes (1 821°MCHFe). Le groupe a réalisé une bonne performance compte tenu des effets volumes T2 négatifs à l’instar des concurrents. Par rapport à nos estimations (cf page 2), l’EBITDA est supérieur dans toutes les divisions à l’exception de l’Afrique Moyen-Orient et l’Europe (en ligne). Huaxin a contribué à l’EBITDA à hauteur ...
Underlying
HOLCIM AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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