9m 19: good operational leverage and business model intact
-"Overall, a good operating performance with 9m lfl EBITDA 7% ahead of 9m 18.
As management looks ahead to 2020, it expects solid market fundamentals to continue across the key markets.
In view of ..."
You may also be interested by these reports :
Due to the difficult situations in the eastern Mediterranean in 9m 19, i.e. Egypt (11% of cement capacity) and its Army’s cement plant of some 10Mt ...
Market conditions have significantly deteriorated, since H1 19, causing sales volumes to drop further than anticipated during Q3 19 and which were ...
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 ...
As expected we have made only minor changes to our target price and we keep our Buy recommendation unchanged.