Holcim : Optimism for 2023 and change of CEO
>EBIT 8% above the consensus – good level of FCF - Q4 2022 EBIT came in at CHF 1,028m (+9.7% like-for-like and -6.2% as reported), above the consensus (CHF 951m) and our expectations (CHF 927m). Compared with our estimates, EBIT was above expectations in all divisions: North America (+2.8%), Asia-Pacific (+33%), Latin America (+7.1%), Africa (+12.5%) and Europe (+19.5%).The price-over-cost differential improved to CHF 152m in Q4 after CHF 2m in Q3, CHF 68m in Q2 ...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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