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Reuters - 1 day ago

Heidelberg Materials Places Green Bond

BRIEF-Heidelberg Materials Places Green Bond Sept 18 (Reuters) - HEIDELBERG MATERIALS AG HEIG.DE : PLACES 2ND GREEN BOND THE ISSUE VOLUME AMOUNTS TO €500 MILLION WITH A TERM UNTIL 2031 THE 7-YEAR EUROBOND HAS A FIXED INTEREST RATE OF 3.375% PER YEAR. THE RANGE OF PROJECTS FINANCED BY THE ISSUED GREEN BONDS SPAN FROM THE MODERNISATION OF PLANTS, F

Reuters - 6 days ago

Heidelberg Materials Strengthens Presence In Growth Market Morocco

BRIEF-Heidelberg Materials Strengthens Presence In Growth Market Morocco Sept 13 (Reuters) - HEIDELBERG MATERIALS AG HEIG.DE : STRENGTHENS PRESENCE IN GROWTH MARKET MOROCCO HEIDELBERG MATERIALS’ SUBSIDIARY CIMENTS DU MAROC ACQUIRES CONTROLLING STAKES IN ASMENT DE TÉMARA OPERATIONS INCLUDE CEMENT PLANT WITH ANNUAL CAPACITY OF 1.4 MILLION TONNES O

Reuters - 1 week ago

Top of the Street: Heidelberg Materials, Deutsche Telekom, Big Yellow Group, European beverages and logistics

BUZZ-Top of the Street: Heidelberg Materials, Deutsche Telekom, Big Yellow Group, European beverages and logistics A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** HSBC downgrades Heidelberg Materials HEIG.DE to "hold" from "buy" as it expects weak pricing outlook in emerging markets and continued negative price/cost spread to lead to slow EBITDA progression ** UBS downgrades Deutsche Telekom DTEGn.DE to "neutral" from "buy" on valuation basis after the s

Reuters - 1 week ago

Rate cuts to benefit building materials sector, HSBC say

BUZZ-Rate cuts to benefit building materials sector, HSBC say ** HSBC says a possible turn in the interest rate cycle should lead to a recovery in residential demand in 2025, boosting building materials producers ** The analysts expect rate cuts of 150 basis points in the U.S. and Europe from September 2024 to end-2025 ** HSBC forecasts light building materials producers' EBIT/EBITDA to grow 8% in 2025, with heavy materials makers lagging behind without energy cost deflation benefits ** It prefe

Reuters - 1 week ago

Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu

Reuters - 3 weeks ago

Baader upgrades Heidelberger Druck to 'buy', likes fat backlog

BUZZ-Baader upgrades Heidelberger Druck to 'buy', likes fat backlog ** Baader Helvea upgrades German printing press maker Heidelberger Druckmaschinen HDDG.DE to "buy" from "add", pointing to strong order intake at Q1 results in August ** Its order backlog now stands at 932 million euros ($1.04 billion) ** "This is the basis for very strong revenue

Reuters - 2 months ago

Bodycote, Croda, Spectris

EUROPE RESEARCH ROUNDUP- Bodycote, Croda, Spectris July 31 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bodycote, Croda and Spectris, on Wednesday. HIGHLIGHTS * Bodycote Plc BOY.L : HSBC cuts target price to 940p from 950p * Bucher Industries AG BUCN.S : Berenberg cuts target price to CHF 464 from CHF 470 * Croda CRDA.L : HSBC cuts target price to 4400p from 4800p * Spectris Plc SXS.L : JP Morgan raises target price to 2,950p fr

Reuters - 2 months ago

Heidelberg Materials CEO Says 2024 Outlook On Revenue And Capex Unchanged

BRIEF-Heidelberg Materials CEO Says 2024 Outlook On Revenue And Capex Unchanged July 30 (Reuters) - Heidelberg Materials AG HEIG.DE CEO says: 2024 OUTLOOK ON REVENUE AND CAPEX ARE ALSO UNCHANGED - CONF CALL Further company coverage: HEIG.DE (Gdansk Newsroom)

Reuters - 2 months ago

Heidelberg Materials slips, trader points to profit taking

BUZZ-Heidelberg Materials slips, trader points to profit taking ** Heidelberg Materials' HEIG.DE stock slips around 3% in early trade after its second-quarter results slightly missed estimates, with a local trader pointing to profit taking ** The group said its result from current operations (RCO) rose to 971 million euros ($1.05 billion) in the Ap

Reuters - 2 months ago

Heidelberg Materials posts higher Q2 profit despite sales downturn

UPDATE 1-Heidelberg Materials posts higher Q2 profit despite sales downturn Rewrites, adds details, executive comment ZURICH, July 30 (Reuters) - Heidelberg Materials HEIG.DE on Tuesday posted a 5% increase in second-quarter operating profit, despite a downturn in sales and what it called a "persistently challenging environment." The group said its result from current operations (RCO) rose to 971 million euros ($1.05 billion) in the April-June period, although it missed analysts ' forecast of 98

Reuters - 2 months ago

Heidelberg Materials profit rises 5% in second quarter

Heidelberg Materials profit rises 5% in second quarter ZURICH, July 30 (Reuters) - Heidelberg Materials HEIG.DE , the world's second-largest listed cement maker, on Tuesday said its second-quarter operating earnings rose 5%, citing increased profitability in North America. The group said its result from current operations (RCO) rose to 971 million euros ($1.05 billion) in the April-to-June period, missing forecasts for 981 million euros in a poll of analysts' forecasts that was provided by the c

Reuters - 2 months ago

Heidelberg Materials To Acquire Highway Materials, Inc.

BRIEF-Heidelberg Materials To Acquire Highway Materials, Inc. July 16 (Reuters) - HEIDELBERG MATERIALS AG HEIG.DE : ANNOUNCES IT WILL ACQUIRE HIGHWAY MATERIALS, INC. Further company coverage: HEIG.DE (Gdansk Newsroom)

Reuters - 2 months ago

Glencore, Rio Tinto, Michelin

EUROPE RESEARCH ROUNDUP-Glencore, Rio Tinto, Michelin July 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Rio Tinto and Michelin, on Monday. HIGHLIGHTS * Arkema SA AKE.PA : JP Morgan raises to neutral from underweight * Glencore GLEN.L : Jefferies raises target price to 600p from 550p * Michelin MICP.PA : HSBC raises to buy from hold * Pirelli & C SpA PIRC.MI : HSBC raises to buy from hold * Rio Tinto RIO.L : Jefferies

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