Holcim : Everything’s fine when prices are high …
>H1 2023 earnings postview - Following Holcim’s H1 earnings (see our flash of 27 July “The sky is there, above the roof” for details), we note the following points from the conference call. After a good performance in H1 (l-f-l EBIT of +13.6%), management chose not to further upgrade its guidance in view of the rate environment and uncertain macroeconomic conditions. Its guidance could be revised again in Q3 depending on market conditions then. The group made 18 acqui...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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