HeidelbergCement expects positive earnings impact on falling prices

HeidelbergCement expects positive earnings impact on falling prices
Published: 20 January 2015


HeidelbergCement AG expects the falling oil prices to have a positive effect on the company`s earnings in 2015, a company spokesperson told German weekly Euro am Sonntag.

The low fuel prices will have a positive impact on the company’s energy costs, the spokesperson said.

In November, the global cement major said its third-quarter operating income before depreciation (OIBD) increased by 10 per cent to EUR866m thanks in part to price increases and declining energy prices.