In the course of preparing the half-year financial report 2020 of HeidelbergCement AG, the preliminary Q2 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts.
Therefore, HeidelbergCement is publishing the following preliminary Q2 key figures from the half-year financial report 2020:
- Preliminary revenue amounts to €4 324 million in Q2 2020. The capital market expects €3 907 million for this key figure.
- The preliminary result from current operations before depreciation and amortisation (RCOBD) amounts to €999 million in Q2 2020. The capital market expects EUR 707 million for this key figure.
- The preliminary result from current operations (RCO) amounts to €652 million in Q2 2020. The capital market expects €357 million for this key figure.
With the COPE action plan, the company launched a comprehensive bundle of measures in February, focusing on cost savings and maintaining liquidity. These measures took effect in the second quarter and made a significant contribution to the fact that the burden on earnings caused by the COVID-related decline in revenue was largely offset by cost savings.
The financial report for the first half of 2020 will be published on 30 July 2020.
Read the article online at: https://www.worldcement.com/europe-cis/15072020/heidelbergcement-shares-preliminary-q2-financial-figures/