A director at Heidelberg Materials AG bought 400 shares at 129.350EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
We are hosting our 28th ODDO BHF Forum in Lyon on 9 and 10 January 2025. In total, 211 companies will be presenting over the two days. In the following note, we provide some initial feedback from the companies on day 1. Out of the 104 feedbacks collected during the first day, 40 were clearly positive, 59 rather Neutral, and only 6 negative. Among the positive names, we would particularly highlight Accor, URW, Euronext, Bureau Veritas, Renke, ID Logistics, Roche Bobois, Ionos, Companie des Alpes...
>Feedback on Q3 2024 results - Our comments on the group’s Q3 2024 results are available in the flash of 7 November (Nothing special to report on Q3). Our key takeaways from the conference call are as follows. Management unveiled a savings and optimisation plan, Transformation Accelerator, worth € 500m from 2025-2026. In our view, this programme will be driven mainly by the restructuring/closure of some European cement plants and the ramp-up of the sustainable produc...
>Retour sur les résultats du T3 2024 - Les commentaires sur les résultats T3 2024 sont disponibles dans le flash du 07/11 (« Un T3 sans mention spéciale »), nous retenons de la conférence téléphonique, les éléments ci-dessous. Le management a dévoilé un plan d’économie et d’optimisation, « Transformation Accelerator », de 500 M€ à partir de 2025/2026. Selon nous, ce programme s’explique essentiellement par la restructuration/ fermeture de certaines usines ciment europ...
>Q3 EBITDA 2% ahead of expectations - Heidelberg Materials published Q3 2024 sales of € 5,756m (9M 2024: € 15,750m) and Q3 2024 EBITDA of € 1,451m (€ 3,280m in 9M 2024), beating consensus expectations (sales € 5,599m and EBITDA € 1,421m). Q3 sales were stable l-f-l. At the EBITDA level, the price-cost differential worked out at € 93m after € 147m in Q2, € 189m in Q1, € 218m in Q4 and € 453m in Q3. The EBITDA margin improved further in Q3 to 25.2%, or +39bp, after +130...
>EBITDA T3 2% au-dessus des attentes - Heidelberg Materials a publié un CA T3 2024 de 5 756 M€ (9M 2024 : 15 750 M€) et un EBITDA T3 2024 de 1 451 M€ (3 280 M€ au 9M 2024), supérieur aux attentes du consensus (CA 5 599 M€ et EBITDA 1 421 M€). Le CA T3 ressort stable à pcc. Au niveau de l’EBITDA, le différentiel prix/coûts ressort à 93 M€ après 147 M€ au T2, 189 M€ au T1, 218 M€ au T4 et 453 M€ au T3. La marge d’EBITDA s’améliore encore au T3 à 25.2% soit +39 pb, après...
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