HeidelbergCement keeps 2011 outlook

HeidelbergCement keeps 2011 outlook
Published: 26 September 2011

HeidelbergCement, the world’s no. 3 construction materials group, is maintaining its outlook for this year after sales volumes marginally beat expectations in 3Q2011. "Volumes have developed as expected, maybe even slightly better," Bernd Scheifele told German TV channel DAF Deutsches Anleger Fernsehen.

"We have not seen a deterioration in our current business figures and have therefore left our outlook unchanged," Scheifele said.

Th company is scheduled to release third-quarter results on 3 November and expects 2011 sales and operating income before depreciation (OIBD) above 2010 levels. Last year, turnover reached EUR11.76bn while operating profit stood at EUR1.43bn.