HeidelbergCement - November 2015
HeidelbergCement's turnover improved by 8.2 per cent to EUR10,076m in the first nine months of 2015 and EBITDA was 15.2 per cent ahead at EUR1916m. At the trading level, the profit increased by 16.7 per cent to EUR1347m and after a net interest charge 6.2 per cent lower at EUR427m, an associates contribution some 87 per cent higher at EUR33m and the pretax profit rose by 32 per cent to EUR953m, giving a the net attributable profit 27.2 per cent ahead at EUR762m. The net debt at the end of September was 23.2 per cent lower at EUR5950m, giving a gearing level of 38 per cent compared with 54.1 per cent a year ago. Capital investment in the period was 10.1 per cent lower at EUR631m and should be around EUR900m for the full year, half of which some EUR400m would be for expansion investments.