• Comparison of 15 global cement companies Q2/half year results. This note compares the performance in the second quarter and first half of 2020 of 15 of the largest cement companies globally. These include six global companies headquartered in the developed world (Buzzi, CRH, Heidelberg, LafargeHolcim, Titan and Vicat) and three headquartered in emerging markets…

Our Q2 / half year reporting season starts next Monday (27 June) for the nine companies that we publish forecasts for with Cemex being the first to announce. Recent industry data and Heidelberg’s Q2 preliminary announcement suggest that the quarter ended more strongly than expected due to a speedier recovery from lockdowns in developed markets…

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