H1 20: good results but unconvincing impairment story

30/07/20 -"Heidelbergcement published a great set of results in this volatile macro-economic environment. The new management delivered well on the cost-saving initiatives and managed to get an EBITDA margin ..."

Executive summary
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English

Published on

30/07/20

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CEMENT & AGGREGATES

Wars, AI, Stimulus — Cement Takes Off

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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