Director and Equity Research Analyst at Barclays
Vladimir Sergievsky is a Director and Equity Research Analyst at Barclays, specializing in the European Building & Construction sector with comprehensive coverage of companies such as Holcim, CRH, Heidelberg Materials, and Saint-Gobain. Known for his in-depth sector analysis and actionable research, Sergievsky has delivered consistent performance and holds a strong reputation among institutional investors, earning recognition for his client engagement and industry knowledge. He began his finance career in the late 2000s, having spent earlier years at Merrill Lynch and other major financial institutions before joining Barclays in 2015. Sergievsky is registered with the FCA in the UK, holding relevant regulatory certifications and is widely respected for his insightful market commentary and disciplined research approach.
Requested clarification on specific negative line items in the P&L and cash flow statement, and asked about price and volume trends for service orders.
The specific line items were described as lumpy, mixed-bag accounts not indicative of a specific trend. Service volumes were mixed, with some destocking in consumables, while pricing held firm except where tied to raw material indexes.