Holcim : Excellent Q1 but guidance virtually unchanged
>Q1 EBIT 40% ahead of the consensus thanks to volumes/price and costs - EBIT came to CHF 614m (+2.1% l-f-l and +16.3% in real terms), well ahead of the consensus (CHF 443m) and our expectations (CHF 434m est.). Q1 is a small quarter (7%-15% of full-year EBIT) and is not that representative given the traditional seasonal maintenance turnarounds, but the impressive showing in Q1 will have an impact on the year as a whole. Relative to our estimates, EBIT came in higher f...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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