Report
Sven Edelfelt

Holcim : Faire toujours mieux que les attentes, une seconde nature

>EBIT T4 au-dessus du consensus de 4% - L’EBIT T4 2021 ressort à 1096 MCHF (+1.3% à pcc), au-dessus du consensus (1057 MCHF) et de nos attentes (1054 MCHFe). Par rapport à nos estimations, l’EBIT est supérieur sur la zone Europe (+6.2%) et Afrique (+4.0%). Sur l’ensemble de l’année, l’EBIT ressort à 4,612 MCHF (25.5% en réel et 25.7% à pcc). La DN s’élève à 9 977°MdCHF légèrement au-dessus consensus de 9 519°MdCHF. Bon niveau de FCF à 3 264 MCHF en ligne avec cel...
Underlying
HOLCIM AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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