Q1 18 results are disappointing but remember that the cement business is highly seasonal and skewed toward Q2 and Q3. We have to say that HeidelbergCement is much more generous in terms of information than LargeHolcim post the CEO change. However, HEI’s management might review this practice as it is “not stupid” in the sense that it is currently giving competitors information with no return. What a shame that LafargeHolcim entered this vicious circle of lower transparency. ....
