FINANCE
Company
Currency Price
Price Change Change
at start at end
(%)
CEM Index
145.04 153.99
8.95
6.17
Buzzi Unicem (Ord)
€
11.29
11.78
0.49
4.34
Cemex (CPO)
MXP
15.88
15.17
-0.71
-4.47
Cimpor
€
3.10
3.11
0.01
0.32
CRH
€
16.29
17.95
1.66
10.16
Heidelberg Cement
€
54.61
57.97
3.36
6.15
Holcim
CHF
66.25
69.10
2.85
4.30
Italcementi
€
5.30
5.54
0.24
4.53
Kone (B)
€
62.40
67.55
5.15
8.25
Lafarge
€
47.40
52.69
5.29
11.17
Saint-Gobain
€
35.61
37.99
2.38
6.68
Schindler (BPC)
CHF
130.10 133.20
3.10
2.38
Schneider Electric
€
59.74
64.63
4.89
8.19
Titan Group (Common)
€
14.23
17.55
3.32
23.33
Vicat Group (Common)
€
51.76
51.63
-0.13
-0.25
Wienerberger
€
11.25
12.14
0.89
7.90
Wolseley
UK£
33.230 33.730 0.500
1.50
Period: Week 34 - 38
MATERIALS PRODUCERS
However, it is still a long way
from the all-time high of 247.65
points, set in mid-2007. It would
need to see growth of another
35% of growth to achieve these
giddy heights once again.
This figure illustrates that while
benchmark equity indexes like
the Dow have benefited from
being safe havens over the last
year or so, real-world shares
like those in the construction
industry still reflect a much less
buoyant and much less profitable
world than was seen in the boom
years.
BROAD GROWTH
But back with the last month’s
developments, and as the
headline numbers suggest,
weeks 34 to 38 were broadly
good for the construction sector.
Balfour Beatty, Bouygues,
Carillion, Hochtief, Kier, NCC
and Sacyr stood out among
contractors with their double-
digit percentage gains, while
only a handful of companies in
the CEC Index – Eiffage, Keller,
Taylor Wimpey and YIT – saw
their stock market value fall.
It was a fairly quiet month as
far as news in the sector was
concerned, with the last few
sets of half-year financial results
coming in towards the end of
August. However, one event of
note concerned the takeover
of Impregilo by Salini – a deal
which edged closer to its
conclusion with both companies’
shareholders approving the
merger plan.
In the materials sector it was
a similar story, with a handful
of companies posting notably
strong gains – CRH, Lafarge and
Titan – and a few losing ground
– Cemex and Vicat.
Investors
in
the
sector
seemed to have digested plans
announced in late August by
Cemex and Holcim to swap some
businesses in parts of Europe and
combine their efforts in Spain.
Lafarge’s rise meanwhile would
tend to suggest approval for the
company’s plan to sell out of its
businesses in Honduras – a deal
that would net it €232 million,
subject to regulatory approval.
The buyer, Columbian group
Cementos Argos, is the same
company Lafarge sold a series
of cement plants in south-east
US to in May 2011 for US$750
million (€555 million).
14
CONSTRUCTION EUROPE
OCTOBER 2013
gain has been rare over the last
two years, and the surge was
enough to take the sector to a
two-year high.
In fact, at 183.3 points, the CET
Index is within striking distance
of its post-recession high of
191.16 points, set in April 2011.
Another 4.5% gain or so would
see it pass this high water mark.
on behalf of our client
SCHNYDRIG GROUP AG
Talstrasse - CH-3927 Herbriggen (± 120 km from Bern)
CONSTRUCTION AND
TRANSPORT MACHINES
8 TRUCKS
“MAN”
TGA 18.430/TGA 18.440, TGS 35.480,
“Mercedes”
1846A, 2646, 416CDI;
± 8 TRAILERS
“Kögel”,
“Meusburger” and “
Blomenroehr
”;
3 electric transporters
“Hediger” E3, E4, “Pabst”, “Oehler” and “Jumbolino”;
± 10 CRAWLER/CHAIN EXCAVATORS
incl. “Komatsu”
PC 78, MR-6, PC18MR-2, PC290NLC-7, PC15R-
8, PC75R-2, PC15R-8, 2607H, PC50MR-2,
“CAT”
320B-2(L),
“Liebherr”
L-514,
“O+K”
RH1.17,
“Kamo”
,X4MTurbo
;
7 compres-
sors
“Ingersollrand”, “Demag”, “Atlas Copco”
XAS96Dd, 67,
97DD
;
dumper
“Wacker Neuson”; motor barrow “Kamaguchi”;
wheel loader
“Volvo”;
9 various vans/cars
; many construction
materials; casings, complete workshop/office inventories etc.;
IMPORTANT ONLINE AUCTION
Scan me!
BIDDING ONLY ON THE INTERNET
CLOSING:
Thursday
31 OCTOBER
from 14.00 hrs
Viewing:
22 October from 9.00 to 16.00 hrs
PHOTOS
/ Catalogue on our website
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Excavators
C O N S T R U C T I O N
THEMAGAZINEFOREUROPE’SCONSTRUCTION INDUSTRY
AKHLGrouppublication
October2013
Volume24Number8
Pumps
p31
Breakers
p39
International Construction
Economic Forum
ICEF
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