The HeidelbergCement building materials group
gives no prospect because of the new type of corona virus
more on the current year. The DAX company previously wanted sales
and slightly increase operating profit. “The massive measures to
Curbing the virus will require constant adjustments to the
operational control of our business, “said the company since the beginning
Acting CEO Dominik von Acht in February on Thursday
when presenting the balance sheet. The company has to do that every day
Reassess the situation.
The news was badly received on the stock exchange. Shortly after
The HeidelbergCement share started trading at around 3.5 percent in the
Minus and listed at 30.97 euros in a somewhat firmer overall
Market. Since the beginning of the year, the papers have over half
lost in value.
It is currently not possible to estimate how long the preventive measures will take
and what effects this will have on construction activity in the
individual countries. “Against this background is a serious one
Outlook for the 2020 financial year at the current time
not possible. “Its general meeting postpones the company
at a later date.
For the past year, HeidelbergCement wants more of its
Distribute shareholders. The dividend is supposed to be around five per share
Percent will be increased to 2.20 euros, as the company said in
Heidelberg announced. On average, analysts had something more
expected. In 2019, the profit attributable to shareholders went to
Year-on-year comparison of five percent to just under EUR 1.1 billion
back. If one calculates special effects such as the sale of the
Ukraine business, then the profit was significantly higher than that of the
Last year.
LafargeHolcim’s competitor had already in February
from Switzerland and Cemex from Mexico preliminary
Fiscal year figures published.
Thanks to the construction boom, sales increased last year
Germany and global infrastructure programs by four percent
to almost 18.9 billion euros. Adjusted for exchange rates,
and sales as well as effects from the new accounting guideline
the increase was two percent. Adjusted earnings before interest,
Taxes and depreciation (Ebitda) rose by 15 percent to just under
3.6 billion euros. On a comparable basis, the plus was two
Percent.
In the day-to-day business, things went particularly well for Heidelberg in 2019
Europe better, but the final quarter developed in
Southern and Western Europe weaker. The company justified this under
with strikes in France and the effects of Brexit.
HeidelbergCement also made significant progress in the region
Asia Pacific. Weaker developments in 2019 were on a comparable basis
The basis, however, is the business in North America. Here charged before
all declines in Canada the result.
HeidelbergCement made better progress than expected when it came to deleveraging.
At the end of the year, net debt before accounting for
Leasing liabilities to 7.1 billion euros, the board had
the final target was 7.4 billion. 2007 had
HeidelbergCement with the takeover of the British
Building materials manufacturer Hanson burdened an immense debt burden.
After the merger of competitors Lafarge from France and Holcim
from Switzerland, HeidelbergCement put in 2016 with the purchase of
Italcementi after.
To make the building materials group more profitable, he had until the end
Acting CEO Bernd Scheifele before January more than
launched a new savings program one year ago. The goal by 2020
100 million euros in sales and administration costs worldwide
the company achieved savings more than a year earlier
as planned. HeidelbergCement plans to add another 30 by the end of 2020
Save millions./mne/eas/jha/
ISIN DE0006047004
AXC0120 2020-03-19 / 09: 22
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