HeidelbergCement ahead in 2011, but margins narrow
The preliminary figures from HeidelbergCement show a 9.7 per cent advance in turnover last year to €12,902m, but the EBITDA was improving at a more modest 3.6 per cent to €2,321...
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The preliminary figures from HeidelbergCement show a 9.7 per cent advance in turnover last year to €12,902m, but the EBITDA was improving at a more modest 3.6 per cent to €2,321...
Preliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show a 13.2 per cent increase in turnover to €1600m in 2010.
Latest forecasts for the German cement industry show that the market is expected to remain stable this year, underpinned by growth in the residential market.
Deutsche Bank has retained its “buy” recommendation on HeidelbergCement and affirmed the EUR42.00 share price target.
The German Cement Works Association (VDZ) and the Federal Association of German Cement Industry (BDZ) are combining operations and merging into the German Cement Works Associati...
A series of major deals, culminating in the UK£8bn acquisition of Hanson (UK) in 2007, saw HeidelbergCement emerge as a global market leader in cement and aggregates. As with ma...