Holcim : A good Q1 and guidance upgraded
>Q1 EBIT 6% ahead of the consensus thanks to price effects - EBIT came to CHF 493m (+12.0% l-f-l and -19.7% in real terms), ahead of the consensus (CHF 464m) and our expectations (CHF 457m est.). Relative to our estimates, EBIT was better in all divisions, except for North America which was in line (-0.6% vs our estimates), with Asia-Pacific at +15.3%, Latin America at +6.5%, Africa at 8.3% and Europe at +18.2%.The price/cost differential was not reported but it...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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