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HeidelbergCement publishes preliminary business figures for 2021

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World Cement,


In the course of the preparation of the consolidated financial statements of HeidelbergCement AG for the financial year 2021, the revenue and results of the HeidelbergCement Group are in part significantly above the published forecast of the company and the current capital market expectations. The capital market expectations are based on the mean value of the latest consensus estimates of financial analysts, compiled by Vara Research on 28 January 2022.

Therefore, HeidelbergCement has published following preliminary key figures from the consolidated financial statements for the financial year 2021 and the fourth quarter of 2021, respectively:

Preliminary revenue in the 2021 financial year is expected to be €18.7 billion (previous year: 17.6). This represents an increase of around 8% year-on-year on a like-for-like basis (before exchange rate and consolidation effects). The company previously expected only a slight increase in revenue before exchange rate and consolidation effects in 2021.

Preliminary revenue in the fourth quarter of 2021 is expected to be €4.7 billion (previous year: 4.5). This corresponds to an increase of around 7% compared with the prior-year quarter on a like-for-like basis.

Preliminary result from current operations before depreciation and amortisation (RCOBD) in fiscal 2021 is expected to be €3875 million (previous year: 3707). This corresponds to an increase of around 6% year-on-year on a like-for-like basis. The company expected a strong increase in RCOBD in 2021. The capital market expects €3826 million for this key figure.

Preliminary result from current operations before depreciation and amortisation (RCOBD) in the fourth quarter of 2021 is expected to be €979 million (previous year: 976), roughly in line with the prior-year quarter on a like-for-like basis. The capital market expects this figure to be €930 million.

The preliminary result from current operations (RCO) in fiscal 2021 is expected to be €2614 million (previous year: 2363). This represents an increase of approximately 12% year-on-year on a like-for-like basis. The company expected a strong increase in RCO in 2021. The capital market expects €2509 million for this key figure.

The preliminary result from current operations (RCO) in the fourth quarter of 2021 is expected to be €661 million (previous year: 648). This corresponds to an increase of around 2% compared with the prior-year quarter on a like-for-like basis. The capital market expects this key figure to be €556 million. The full preliminary financial figures for the financial year 2021 will be published on 24 February 2022.

Read the article online at: https://www.worldcement.com/europe-cis/04022022/heidelbergcement-publishes-preliminary-business-figures-for-2021/

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