Cementir Holding | CEM IM | Cement & Aggregates | Italy | Updates

This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under MiFID II

Cementir Holding ^CR	Bloomberg CEM IM
Cement & Aggregates / Italy	Web Site \| Investors Relation
Also operates in : Holding Companies

Positioned in a niche market

Target

Upside 36.0%

Price (€) 10

Target Price (€) 13.6

Market Cap (€M) 1,591

Perf. 1W:	-0.99%
Perf. 1M:	3.20%
Perf. 3M:	5.96%
Perf Ytd:	7.74%

10 day relative perf. to stoxx600:	5.11%
20 day relative perf. to stoxx600:	6.47%

EPS change06/03/2020 14:58

Change in EPS	2019 : € 0.54 vs 0.50	+7.83%
	2020 : € 0.65 vs 0.64	+1.92%
EPS for 2019 increases due to the company's performance beating our earnings expectations, primarily due to its better performance in Turkey.

06 Mar 20 EPS change
EPS for 2019 increases due to the company's p...

18 Feb 20 Earnings/sales releases
FY19: stability despite the Turkish burden

20 Dec 19 ESG related
When cement goes green too

11 Dec 19 EPS change
In our opinion, the 300bp EBITDA margin impro...

15 Nov 19 Earnings/sales releases
Priority to organic growth

02 Aug 19 Initiation cov.
Value in white