HeidelbergCement AG,

HeidelbergCement is engaged in the production and distribution of cement and aggregates, concrete and building products. Co.'s product range is complemented by downstream activities, such as ready-mixed concrete, concrete products, and concrete elements; in some countries, asphalt and building products, such as bricks and roof tiles, lime, or sand-lime bricks, are also manufactured. Furthermore, Co. provides services such as worldwide trading in cement and coal by sea. Co.'s products are used for the construction of houses, infrastructure, and commercial and industrial facilities.
  • Ticker604700
  • ISINDE0006047004
  • SectorConstruction & Materials
  • CountryGermany

Analysts

HEIDELBERGCEMENT AG with less fundamental stars is reduced to Neutral

HEIDELBERGCEMENT AG (DE), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 17, 2019, the closing price was EUR 70.24 and its expected value was estimat...

Kristoffer Inton

Morningstar | Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the first quarter only accounted for 8% of full-year EBITDA. Therefore, it is hard to draw too many co...

Kristoffer Inton

Morningstar | Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued. See Updated Analyst Note from 10 May 2019

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the first quarter only accounted for 8% of full-year EBITDA. Therefore, it is hard to draw too many co...

Kristoffer Inton

Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Remi Ramadou

HEIDELBERGCEMENT- 4Q17 - Strong results enable meeting of FY guidance

HeidelbergCement (‘HC’), the German cement maker, has published solid 4Q17 results on the back of good sales volume and pricing momentum in key countries, plus sizeable synergies with Italcementi. LFL sales were up 5.2% yoy to €4.26bn in Q4 and LFL EBITDA increased by a high 16% to €890m, above the market consensus (€862m).

HeidelbergCement AG: Strong synergy delivery enables HC to achieve the lower end of its 2017 earnings guidance

HC achieves the lower end of its 2017 earnings guidance despite cost inflation and mixed market conditions

HeidelbergCement AG: HeidelbergCement extends RCF at low cost, a credit positive

HeidelbergCement achieves strong pricing on new RCF

HeidelbergCement AG - September 2017 (LTM): Peer Snapshot

Peer Snapshot: HeidelbergCement AG - September 2017 (LTM) 21 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

HeidelbergCement AG: Key Facts and Statistics - 9M September 2017

CORPORATES ISSUER PROFILE 21 December 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Management strategy 4 Financial highlights 6 Capital structure and debt maturity 8 Company management 9 Ownership structure 10 Peer group 10 Subsidiaries rated by Moody’s 11 Related websites and information

Kristoffer Inton

Morningstar | Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the first quarter only accounted for 8% of full-year EBITDA. Therefore, it is hard to draw too many co...

Kristoffer Inton

Morningstar | Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued. See Updated Analyst Note from 10 May 2019

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the first quarter only accounted for 8% of full-year EBITDA. Therefore, it is hard to draw too many co...

Kristoffer Inton

Strong Start to Heidelberg’s 2019 in Seasonally Weak First Quarter; Shares Look Undervalued

HeidelbergCement started the year off well. Like-for-like revenue and EBITDA rose 15% and 26%, respectively. Volume rose across all materials. Combined with margin expansion across all product categories, companywide EBITDA margin expanded about 60 basis points on a like-for-like basis. In all, the company had solid performance across the board in the first quarter. However, the first quarter tends to be the least important quarter in the highly seasonal building materials industry. In 2018, the...

Sven Edelfelt ...
  • Virginie Rousseau

HeidelbergCement : Du vent dans les voiles

>Un bon mois d’avril et un regain d’optimisme pour le T2 - Alors que les commentaires sur les résultats préliminaires sont disponibles sur le Flash du 09/05 (« La stratégie du juste prix »), nous retenons de la conférence téléphonique, les éléments développés ci-dessous. Point important, les tendances en avril sont bonnes et le résultat opérationnel serait en hausse de 10% (en avril). D’une manière générale, le groupe nous semble plus optimiste sur les coûts d’énergie...

Sven Edelfelt ...
  • Virginie Rousseau

HeidelbergCement : Some wind in its sails

>A good April and resurgent optimism for Q2 - Our comments on the preliminary results can be found in our Flash published on 9 May (“The fair price strategy”) and our takeaways from the conference call are discussed below. A key point is that the trends in April are good and operating profit is estimated to be up 10% (in April). Generally speaking, the group seems more optimistic on energy costs, as it sees a positive effect as early as Q2 versus more like Q3 previous...

1 director bought

A director at Heidelbergcement Ag bought 2,000 shares at 64.940EUR and the significance rating of the trade was 63/100. 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 clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2019

...

Fatma Agnès Hamdani ...
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Michael Foundoukidis
  • Olivier Lebrun
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/22/2019

The 2011-2012 crisis threatened the PSA group’s very existence, forcing it to adopt a frugal approach to investment that is now part of its DNA. This keeps the organisation under pressure and forces all projects to prove their profitability. This discipline leads the group to be selective in its choices, use partnerships and the integration of Opel as levers, and focus on flexibility, without sacrificing its future prospects. The group’s renewed financial health gives it considerable ...

HEIDELBERGCEMENT AG with less fundamental stars is reduced to Neutral

HEIDELBERGCEMENT AG (DE), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 17, 2019, the closing price was EUR 70.24 and its expected value was estimat...

Nurhayati Wan

Heidelberg Cement

Nurhayati Wan

Heidelberg Cement

Nurhayati Wan

Heidelberg Cement

Nurhayati Wan

Heidelberg Cement

Expert Corporate Governance Service (ECGS)

HeidelbergCement - AGM 09 May 2019

Item 5: Ernst & Young, Stuttgart, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that Ernst & Young has audited the Company since the financial year 1948 which significantly exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of Ernst & Young as auditor. Items 6a, 6b, 6c and 6e: We recommend to oppose the re-election of Fritz-Jürgen Heckmann, Ludwig Merckle, Tobias Merckle and Prof. Dr. Marion Weissenberger-Eibl to the Supervisory Board due to our concerns over the ...

HEIDELBERGCEMENT – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 10/05/2017

Item 5: Ernst & Young, Stuttgart, is proposed as auditor for the current financial year. Ratio of non-audit/audit fees was 67.39% during the year under review and 68.64% over a three-year aggregate period which exceeds our guidelines. Furthermore, we note that Ernst & Young has audited the Company since at least the financial year 2000 (no earlier data available) which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of Ernst & Young as auditor​

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The MSCI ACWI and ACWI ex-US have managed to break above their respective 200-day moving averages, providing further evidence that global equities are going through a bottoming process. • Remain overweight China which is leading global equities higher. RS uptrends remain intact for the Shanghai Composite and MSCI China indexes. In today's report we highlight a number of actionable charts Chinese companies, focusing on less-exploited price patterns... see page 2. • EAFE small- vs large-cap ratio exhibits early signs of bottoming. We view the potential bottom for the MSCI EAFE small- vs. larg...

Valérie GASTALDY

Short term view - HEIDELBERGCEMENT AG : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €64.70. The next target is at €57.20, then €53.04. Passing €64.70 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - HEIDELBERGCEMENT AG : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 64,70 € prochainement. Le prochain objectif est à 57,20 €, puis 53,04 €. Le franchissement de 64,70 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse court terme - HEIDELBERGCEMENT AG : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 57,20 €. La tendance de fond serait remise en cause en cas de franchissement de 64,70 €.

Valérie GASTALDY

Short term view - HEIDELBERGCEMENT AG : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €57.20. The background trend would be questioned should prices rise above €64.70.

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