HeidelbergCement - July 2018
HeidelbergCement's 1H18 turnover edged ahead by 0.4 per cent to EUR8432m, while EBITDA declined by 11.8 per cent to EUR1188m. The group’s trading profit came down by 18.2 per cent to EUR647m. The net interest charge declined by 14.4 per cent to EUR155m and the pretax profit improved by 5.8 per cent to EUR629m and, helped by a lower tax charge, the net attributable profit improved by 30.2 per cent to EUR375m. Net debt at the end of June was 1.7 per cent lower than a year earlier at EUR9970m, giving a gearing level of 54.2 per cent compared with 62.2 per cent a year earlier. The workforce declined by 2.2 per cent to 59,642 employees. For the full year, HeidelbergCement expects volume growth in cement, aggregates and ready-mixed concrete, and a moderate growth in turnover and profit.