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HeidelbergCement revenues up 13.2% in 2016

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World Cement,

HeidelbergCement has announced a 13.2% increase in revenues to €15.2 billion, following the takeover of Italcementi. Pre-tax profits were down 8% however at €1.2 billion.

Sales volumes were up across the company’s four products lines. Cement sales grew by 28% to 103.8 million t. Aggregates, ready-mixed concrete, and asphalt sales also rose.

HeidelbergCement is the largest supplier of aggregates, the second largest supplier of cement, and the third largest supplier of ready-mixed concrete.

“With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position,” said Dr Bernd Scheifele, Chairman of HeidelbergCement’s Managing Board.

The company also presented a “cautiously optimistic” outlook for 2017. “HeidelbergCement will benefit from the good and stable economic development in the industry countries, above all in the USA, Canada, the United Kingdom, Germany, the northern European countries, and Australia,” said Scheifele. These represent about 60% of the company’s revenues.

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