HeidelbergCement’s operating profit up 5% in H1 2013

HeidelbergCement’s operating profit (EBITDA) rose by 5% to €953 million and EBIT improved by 18% to €548 million in the first half of 2013, compared to the same period of last year. The German firm’s sales revenue of €6.56 billion in H1 2013 was similar to that achieved in H1 2012. The construction material group made a net profit of €175 million in the first half of 2013, compared to a net loss of €27 million in the first half of 2012. HeidelbergCement says it benefited from price increases, efficiency p

August 1, 2013 Read time: 1 min

674 HeidelbergCement’s operating profit (EBITDA) rose by 5% to €953 million and EBIT improved by 18% to €548 million in the first half of 2013, compared to the same period of last year.

The German firm’s sales revenue of €6.56 billion in H1 2013 was similar to that achieved in H1 2012.

The construction material group made a net profit of €175 million in the first half of 2013, compared to a net loss of €27 million in the first half of 2012. 674 HeidelbergCement says it benefited from price increases, efficiency programmes, lower energy and interest costs and a one-time gain of €96 million due to a court ruling in the US.

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HeidelbergCement’s operating income increases in Q1 2013

HeidelbergCement says its operating income before depreciation was up 3% to €219 million in the first quarter of 2013. The Q1 figure show that sales volumes of building materials were impaired by long and cold winter in Europe and parts of North America and less working days but there was growth in cement sales volumes in North America, Asia and Africa which mostly compensated for weakness in Europe. The group reports that revenue was almost stable at €2.8 billion; the improvement of margins continued; ther

August 15, 2012

Holcim looks to leaner structure

Holcim says its half-year results show rising cement volumes; better prices and higher operating EBITDA (operating earnings before interest, tax, depreciation and amortization). The group also says it will achieve organic growth in 2012 as well as benefit from the group’s Leadership Journey programme, which aims to increase returns. As part of the programme, Holcim will streamline its organisation from 1 September, implementing a “leaner and more efficient structure.”

November 8, 2012

HeidelbergCement increases revenue/operating income

Third quarter figures from HeidelbergCement show that revenues are up 9% to €3.9 billion while net debt has been reduced by €740 million compared to Q3 2011. The group says that other highlights of the results show strong operative development driven by successful cost savings and price increases; operating income before depreciation (OIBD) up 12% to €874 million; operating cement margin further improved; its FOX 2013 programme beating the annual target after nine months and generating €241 million cash s

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July 2, 2012

Results heading in right direction

Against a tough economic background, companies are reporting many improved results for 2011, with the emerging markets again offering solid growth. However, a number of major companies may well be looking to divest some interests to reduce debt while others, such as the UK’s Breedon Aggregates, are on the acquisition trail (see interview this issue). Lafarge CEO Bruno Lafont could sell at least €1 billion of assets this year, and Dr Bernd Scheifele, chairman at HeidelbergCement, said in November 2011 he was