Holcim : Still solid results and a share buyback programme
>Q3 EBIT > 5% above the consensus forecast - EBIT came to CHF 1.55bn (+7.7% lfl and +6.6% reported), 5% above the consensus forecast (CHF 1.48bn) and our estimate (CHF 1.43bn). Compared with our estimates, EBIT was higher in all divisions except Europe: North America (+3.1%), Asia-Pacific (+7.5%), Latin America (+13.5%), Africa (+140%) and Europe (+5.5%).The price/costs differential was +CHF 2m in Q3 2022 after CHF 68m in Q2, -CHF 53m in Q1 and CHF 13m in Q4. Thi...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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