The Q4 figures show revenue stable at €3.5 billion; like-for-like (+6.9%); operating income improved by 2.4% to €463 million like-for-like (+12.4%) and operating margin increased to 13.3% (12.9% in Q4 2012).
For the full-year 2013 the gbroup says solid operational development is masked by significant negative exchange rate effects.
Revenue is stable at €14 billion like-for-like (+3.4%); operating income slightly above previous year at €1.61 billion (+5.2%) and there is a further increase in operating margin.
The group’s FOX 2013 programme “clearly exceeds expectations,” achieving €1,158 million in cash-relevant savings over the three-year period (original target: €600 million)
The first outlook for 2014 is that inNorth America there is a continuation of positive development; Europe: recovery in the United Kingdom, Benelux, and parts of Eastern Europe wirth positive development in Germany, Scandinavia, Russia, and Central Asia.
Asia and Africa show continued growth although the exchange rates adversely affect results.
“2013 was a successful year for HeidelbergCement in operational terms,” says Dr Bernd Scheifele, chairman of the managing board.
“We continued to benefit from our advantageous geographical positioning, kept our costs under control, and were able to implement price increases in major markets.
“Our three-year FOX 2013 programme once again exceeded expectations and led to cash-relevant savings totalling around €1.2 billion. As a result, we were able to noticeably increase revenue and OI before exchange rate effects and further improve our operating margin. Unfortunately, this achievement was masked by massive negative exchange rate effects. Nevertheless, our OI came in slightly above the previous year.”
