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News HeidelbergCement increases nine-month revenues and cement sales in 2021

HeidelbergCement increases nine-month revenues and cement sales in 2021

Written by Global Cement Staff 04 November 2021
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Germany: HeidelbergCement recorded consolidated sales of Euro14bn in the first nine months of 2021, up by 7% year-on-year from Euro13.1bn in the corresponding period of 2020. Revenues rose in all regions, except for North America, where they fell by 0.1% to Euro3.51bn. The company’s cement sales were 95.7Mt, up by 6% from 90.1Mt, while its ready-mixed concrete sales were 35.7Mm3, up by 4% from 34.4Mm3. Cement sales grew across every region, and recorded the sharpest increase in Western and Southern Europe, of 11% to 23Mt from 20.7Mt.

The group said that ‘significant’ energy cost inflation impacted upon results in the period. It launched a Euro500m cost mitigation programme and initiated the divestment of some Spanish assets and the acquisition of Tanga Cement in Tanzania.

Last modified on 10 November 2021
Published in Global Cement News
Tagged under
  • HeidelbergCement
  • Results
  • Germany
  • costs
  • Spain
  • Divestments
  • cost reduction
  • Tanga Cement
  • Tanzania
  • GCW531
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