H1 19: mixed performance but solid guidance
-"India and France reported, respectively, an outstanding and a good performance while the drag on performance came from Turkey and Egypt.
Management expects a marked improvement in EBITDA and an ..."
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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.