Report
Sven Edelfelt

LafargeHolcim : Un T1 2020 porté par les mesures contre le COVID-19

>EBIT T1 2020 au-dessus du consensus (~22%) - L’EBITDA ressort à 262 MCHF (-2.6% à pcc), au-dessus du consensus (215 MCHF) et au-dessus de nos attentes de ~20% (219 MCHFe). Rappelons toutefois que le T1 représente seulement 7% de l’EBIT annuel et reste non représentatif compte tenu des traditionnelles maintenances saisonnières. Par rapport à nos estimations, l’EBITDA est supérieur à nos attentes dans toutes les divisions : Amérique du Nord (perte moindre qu’habituell...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch