Holcim : The sky is there, above the roof
>A good H1 driven particularly by the US - EBIT came in at CHF 1.55bn (13.9% on l-f-l and -0.6% in real terms), ahead of the consensus (CHF 1.473bn) and our expectations (CHF 1.421bn est.). The group provided details on 4 segments, Asia-Middle East-Africa, Europe, Latin America and North America (for cement, aggregates and RMC) excluding Solutions & products. Deterioration in FCF to CHF 79m in H1 2023 vs CHF 275m in H1 2022 given the effects of divesting the Ind...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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