HeidelbergCement reports nine-month results

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Germany: HeidelbergCement recorded net sales of Euro13.1bn over the first nine months of 2020, down by 8% year-on-year from Euro14.3bn over the corresponding period of 2019. Sales fell in most regions during the nine month period but rose in Africa-Eastern Mediterranean by 4% to Euro1.31bn from Euro1.26bn. Group cement volumes totalled 17.9Mt, down by 2% from 18.3Mt, while concrete volumes fell by 12% to 4.40Mt from 5.00Mt.

Speaking of the third quarter of 2020, chair Dominik von Achten said, “HeidelbergCement has achieved an excellent result. In an environment that continues to be characterised by major regional differences and great uncertainty, we were able to increase earnings before interest, taxation, depreciation and amortisation (EBITDA) by 17% in comparison to the third quarter of 2019.“ He added that the group expected earnings to grow in 2020 compared to 2019.

Last modified on 11 November 2020

URL: https://globalcement.com/news/item/11572-heidelbergcement-reports-nine-month-results

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