• Summary. As expected Q2/H1 results were strong for the 16 global cement companies that we follow. However, there was a clear split in the trend in Q2 profitability between the Chinese companies and the others. Q2 profits in China were weakened by tougher comparatives and a downward pressure on margins, as prices increased by…

The Q2 / half year reporting season for the nine companies that we publish forecasts for starts on Thursday 29 July, with five of the companies due to report on that day (Heidelberg, Titan, Martin Marietta, Cemex and Saint-Gobain). Vicat, who we follow but don’t publish forecasts for, is also due to report on that…

Margins at region and country level

Cemex, Heidelberg and Lafarge Holcim: ROCE, EBITDA margins at Group level. Separate analyses of cement and aggregates businesses profitability