HeidelbergCement AG (HEIG.DE)
22 Mar 2019
Thu, Mar 21 2019
* FY result from current operations down 9pct at 1.98 bln euros
FRANKFURT, March 21 HeidelbergCement, the world's second-largest cement maker, expects sales and profits to grow moderately, it said on Thursday, banking on energy cost inflation and higher demand for construction materials in Indonesia, Europe and North America.
* Shares rise almost 5 pct to 4-month high (Adds details on proposed management changes)
BERLIN, Feb 19 Germany's HeidelbergCement on Tuesday reported higher-than-expected core earnings for the fourth quarter, citing solid demand for building materials and price increases.
FRANKFURT Cement maker HeidelbergCement on Monday said it would deliver proceeds of about 500 million euros ($573 million) in asset sales in 2018, putting it on track for 1.5 billion in planned disposals by the end of 2020.
FRANKFURT HeidelbergCement on Thursday announced plans to cut costs and investments to protect profit margins and also flagged a recovery in the North American market, where tough conditions forced the group to cut its outlook last month.
* Shares reach highest level since Oct. 5 (Recasts, adds details from conference call, updates shares)
FRANKFURT, Nov 8 HeidelbergCement on Thursday said it would cut costs and investments, only weeks after the world's second-largest cement maker slashed its profit outlook on a weak U.S. construction market and higher-than-expected energy costs.
* Shares drop as much as 10.3 percent (Recasts, adds details on U.S. business, shares, analyst)