Strong Europe performance boosts HeidelbergCement 2Q16 results

Strong Europe performance boosts HeidelbergCement 2Q16 results
Published: 29 July 2016


A robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3.575bn, down two per cent YoY but up one per cent on a like-for-like (LFL) basis. All business lines saw their sales increase. Operating income rose by eight per cent to EUR601m from EUR557m in 2Q15, although LFL this increase was 11 per cent and all business lines saw their margins improve. Net profit for 2Q15 improved by 19 per cent to EUR385m.

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