HeidelbergCement - March 2016

HeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 per cent to EUR1846.1m. After a 14.3 per cent reduction in net interest payments to EUR396.3m, the pretax profit rose by 41.1 per cent to EUR1313.4m and the net attributable profit jumped by 64.7 per cent to EUR800m.1m after a 54.3 per cent higher tax charge and a minorities charge of 9.2 per cent lower at EUR183.1m. The dividend is being increased by 73.3 per cent to EUR1.30 per share. The net debt at the end of the year was 24 per cent lower at EUR5286m and the gearing ratio fell from 48.8 to 33.1 per cent. Capital investment declined by 10.9 per cent to EUR1002m and is expected to amount to around EUR1100m in 2016, of which some EUR500m should represent maintenance expenditure.

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