Harsh weather conditions in the US in Q1, unexpected increase in energy costs and lower than expected asset sales gains impacted EBITDA growth, so that only two regions contributed positively to EBITDA. However, management gave a fairly rosy positive picture for FY19, saying that it is confident in being able to reach the current consensus thanks to tailwinds from energy prices as well as improving operations.
20 Feb 2019
FY18: better than the consensus, FY19 clearly expected to be better than FY18
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FY18: better than the consensus, FY19 clearly expected to be better than FY18
Heidelberg Materials AG (HEI:WBO) | 0 0 0.1% | Mkt Cap: 16,548m
- Published:
20 Feb 2019 -
Author:
Felix Brunotte -
Pages:
4
Harsh weather conditions in the US in Q1, unexpected increase in energy costs and lower than expected asset sales gains impacted EBITDA growth, so that only two regions contributed positively to EBITDA. However, management gave a fairly rosy positive picture for FY19, saying that it is confident in being able to reach the current consensus thanks to tailwinds from energy prices as well as improving operations.