Holcim : Another record quarter!
>Q2 2022 EBIT 10% above the consensus - EBIT came to CHF 1,559m (+7.0% l-f-l and +7.1% real), above the consensus (CHF 1,415m) and our estimates (CHF 1,355m est.). Compared to our estimates, EBIT is above our forecasts for all divisions: North America (+10%), Asia-Pacific (+26%), Latin America (+19%), Africa (+14%) and Europe (+7%). Volumes declined in cement and aggregates but were up in RMC.The price/cost differential was +CHF 68m in Q2 2022 after -CHF 53m in ...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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