Heidelbergcement


29/11/19 -"Following the lower financial performance of the North America division, i.e. EBITDA down by 9% lfl in Q3 despite a 6.5% increase in lfl revenue which resulted in a more than 450bp contraction in the ..."

Pages
77
Language
English
Published on
29/11/19
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As expected we have made only minor changes to our target price and we keep our Buy recommendation unchanged.

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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