HeidelbergCement losses widening

HeidelbergCement losses widening
Published: 03 May 2005

HeidelbergCement seen posting Wednesday 1Q net loss at EUR99M versus a loss of EUR58M a year ago, according to Dow Jones Newswires survey of 5 analysts. Loss in pretax profit is expected to widen to EUR110M from EUR83M, while sales are seen declining to EUR1.321B versus EUR1.347B. Analysts see results primarily hurt by prolonged winter weather across Europe. SG Securities points out market reaction to data should be limited as 1Q’s not representative of the full year. Exane BNP Paribas hopes for company comment on recovery in German cement prices, details about savings program.