HeidelbergCement - May 2016
HeidelbergCement's first-quarter turnover was virtually unchanged (-0.1 per cent) at EUR2835.3m while EBITDA improved by 7.2 per cent to EUR320.9m and the trading profit rose by 19.9 per cent to EUR137.8m. The net interest charge declined by 11.5 per cent to EUR86.7m and the EUR33.1 pretax loss was replaced by a profit of EUR14.3m and the net attributable loss declined by 41.5 per cent to EUR72m.
Northern and eastern Europe and central Asia reported a 9.7 per cent improvement in turnover to EUR420m while EBITDA declined by 16 per cent to EUR8m. Cement deliveries were 2.9 per cent higher at 3.95Mt while the turnover declined by 6.8 per cent to EUR225m while the EBITDA margin recovered from 1.7 per cent to 2.7 per cent. In aggregates, volumes fell by 8.2 per cent to 4.61Mt and the turnover dropped by 21.1 per cent to EUR33m. Ready-mixed concrete deliveries improved by 7.1 per cent to 1.1Mm³, but the turnover eased by 0.8 per cent to EUR100m. Domestic volumes were ahead in Sweden and Norway but exports declined. Polish cement deliveries were slightly lower but aggregates shipments were well ahead. Romanian volumes and profitability were well ahead.