HeidelbergCement benefits from strong North American improvement

HeidelbergCement benefits from strong North American improvement
Published: 30 July 2015


HeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net interest charge declined by 5.9 per cent to EUR285m and the pretax profit rose by 69.9 per cent to EUR406m and the net attributable profit improved by 70 per cent to EUR148m. Net debt at the end of June was 20.1 per cent lower than a year earlier at EUR6305m, giving a gearing level 34.9 per cent lower at 40.7 per cent. Capital investments in the period declined by 3.1 per cent to EUR406m. The workforce declined by 0.7 per cent to 45,558 employees. For the full year, HeidelbergCement expects a significant increase in turnover, operating profit and running profit.










  

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