Heidelberg Cement reports a strong operating performance for the second quarter of 2014 compared with previous year. The group says it increased sales volumes in all business lines and group revenue was stable at €3.6 billion (like-for-like/+8%) and operating income improved slightly to €516 million despite negative exchange rate effects (like-for-like: +12%). Operating cash flow improved significantly and net debt was reduced, while the group says the outlook for 2014 is confirmed with a positive outlook
Heidelberg Cement reports a strong operating performance for the second quarter of 2014 compared with previous year.
The group says it increased sales volumes in all business lines and group revenue was stable at €3.6 billion (like-for-like/+8%) and operating income improved slightly to €516 million despite negative exchange rate effects (like-for-like: +12%).
Operating cash flow improved significantly and net debt was reduced, while the group says the outlook for 2014 is confirmed with a positive outlook for global economy due to recovery in the mature markets of North America and Northern Europe (especially the USA and UK).
“In 2014, we will benefit from the economic development in the industrial countries,
particularly in North America, the United Kingdom, Germany, and Northern Europe”, says Dr Bernd Scheifele, chairman of HeidelbergCement’s managing board.
“These countries generate almost 50% of our revenue. Furthermore, we are improving our market position in growth markets with the commissioning of modern production facilities. In view of these factors as well as our high operational efficiency, we consider ourselves well-equipped to benefit over-proportionally from the accelerating economic growth in the interests of our shareholders.”
