HeidelbergCement FY sales up 18.3 per cent

HeidelbergCement FY sales up 18.3 per cent
21 February 2007

HeidelbergCement AG said full year 2006 sales rose to EUR9.234bn from EUR7.803bn in 2005 and forecast a ’noticeable’ increase in 2007 full year earnings and sales.  
It said net profit in 2006 has ’exceeded’ EUR1bn. On Jan 9, the company said net profit would reach about EUR1bn, up from EUR471m in 2005.  
Measures to restructure and increase efficiency helped the company to achieve a ’significant double-digit’ increase in operating income last year. No figures were provided.  
In 2006, double-digit growth in sales volume was achieved in all business lines, it said.  
Ready-mixed concrete sales volume grew by 10.1 per cent to 31.1Mm3s from 28.2Mm3 in 2005, and total cement and clinker sales volumes rose by 16.7 per cent to around 80Mt, up from 68.3Mt in the previous year. 
The company said next year’s growth will be generated through increased efficiency and competitiveness. It added that its restructuring programme, named ’Win’, is nearing completion, with savings of 50 mln eur anticipated in 2007. 
The company will release its annual report on March 22.  
Published under Cement News