HeidelbergCement - May 2015
HeidelbergCement's first-quarter turnover improved by 12.4 per cent to EUR2835m and EBITDA improved by 45.9 per cent to EUR299m. The trading profit jumped 183 per cent to EUR115m. The net interest charge declined by 1.3 per cent to EUR158m and the pretax loss was reduced by 12.9 per cent to EUR101m and the net attributable loss declined by 16.3 per cent to EUR123m. Capital expenditure for the full year should be around EUR1200m, half of which would for expansion. Net debt at the end of March was reduced by 22.2 per cent to EUR6100m to give a gearing level of 38.3 per cent, compared with 63.1 per cent.