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Cementir Holding

CR
Bloomberg   CEM IM
Ciments & Agrégats  /  Italie  Web Site   |   Investors Relation
Egalement présent dans : Sociétés holdings
Competitive pricing but lower cost supports profitability
Objectif
Potentiel 58,4 %
Cours (€) 7,21
Capi (M€) 1 147
Perf. 1S: 1,26 %
Perf. 1M: -5,78 %
Perf. 3M: -9,24 %
Perf Ytd: 20,9 %
Perf. relative/stoxx600 10j: -1,75 %
Perf. relative/stoxx600 20j: -5,22 %
EPS change18/04/2023

Price hikes boost the EPS

Changement d’EPS2023 : € 0,85 vs 0,95-10,2 %
2024 : € 0,94 vs 1,04-9,91 %

Cementir Holding reported better-than-expected results thanks to price increases and higher financial income. For the coming years we expect continued organic growth in Nordics & Baltics (43% of sales) where the company has a leading position in white cement, although this will be more limited (4% yoy) as we see a continued decline in volume and Cementir may not be able to hike its prices as in 2022.



Changement de NAV€ 11,0 vs 9,82+11,7 %

Cementir Holding has reported a robust balance sheet, leading to a positive net cash position that has increased our NAV by 12% compared to our previous estimates.



Mises à Jour

10 mai 23 Publication Res./CA
Q1 23: Pricing boosts profitability

18 avr. 23 EPS change
Price hikes boost the EPS

13 févr. 23 Publication Res./CA
FY 22: Price hikes to manage inflation.

28 juil. 22 Publication Res./CA
H1 22: IAS 29 lowers profitability

06 mai 22 Publication Res./CA
Q1 22: profitability outpacing cost inflation

09 févr. 22 Publication Res./CA
FY 21: EBITDA at all-time high level

12 nov. 21 Publication Res./CA
9M 21: well managed cost inflation

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