CEMENTIR HOLDING : EPS upgrade (2023: +17.3%, 2024: +4.9%)

Cementir Holding has announced a strong set of results for H1, leading to a significant upgrade in its EBIT guidance. The company has revised its EBIT projection to around €365m, which marks a considerable improvement from the previous range of €335-345m. Cementir Holding's ability to implement robust pricing strategies across all markets has been the key driver behind this significant upgrade. Looking ahead to H2 23, we anticipate price stability at the same level as in H1 23, as energy costs are also stabilising. On this basis, we have revised upwards our estimates, resulting in a positive impact on our EPS.