HeidelbergCement ahead in 2011, but margins narrow

HeidelbergCement ahead in 2011, but margins narrow
Published: 09 February 2012

Tagged Under: HeidelbergCement Germany 

The preliminary figures from HeidelbergCement show a 9.7 per cent advance in turnover last year to €12,902m, but the EBITDA was improving at a more modest 3.6 per cent to €2,321m. The trading profit was up by 3.0 per cent to €1,474m, or by 3.2 per cent adjusting for currency movements and changes in the scope of consolidation. Margins declined as the rise in energy costs could not be passed on in their entirety and the contribution from the sale of emission rights dropped from an adjusted €130m (it was originally €147m) to less than €10m. The number of employees decreased by 1.7 per cent to 52,526, as a reduction of more than 1,200 in North America and Europe was partially offset by the recruitment of some 400 in growing markets such as India and Indonesia.













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