Cost inflation doesn’t worry LafargeHolcim for Q4 as it affirms it is under control thanks to price increases implemented over the 9m period and the ongoing cost reduction programme that will gradually reach the bottom line. Concerning the guidance, management revised upward its sales and downward the recurring EBITDA. It seems that the higher range of the recurring EBITDA guidance will be rather difficult to reach in our opinion. Following this earnings release, we will keep our Buy re
26 Oct 2018
9m 18: good Q3 but recurring EBITDA guidance lowered
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9m 18: good Q3 but recurring EBITDA guidance lowered
Cost inflation doesn’t worry LafargeHolcim for Q4 as it affirms it is under control thanks to price increases implemented over the 9m period and the ongoing cost reduction programme that will gradually reach the bottom line. Concerning the guidance, management revised upward its sales and downward the recurring EBITDA. It seems that the higher range of the recurring EBITDA guidance will be rather difficult to reach in our opinion. Following this earnings release, we will keep our Buy re