Holcim : Caught by energy cost inflation
>Q1 results penalised by energy costs and base effects - Q1 2022 trading update on 22 April before the market open and a conference call at 10.00 a.m. CET. We are forecasting Q1 EBIT of MCHF 434m (-17.9% reported and -28.6% l-f-l). The consensus has yet to publish its forecasts but they should be close to our estimates, on our reckoning. We expect the group to post very negative price/cost effects in all regions given the demanding comparison bases (price/cost effect...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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