Skip to main content

HeidelbergCement reports broadly positive 2017

Published by
World Cement,

HeidelbergCement sold 126 million t of cement and clinker in 2017, according to the company’s preliminary results, a substantial increase on the previous year’s total as the company reaped the benefits of its takeover of Italcementi.

Sales of clinker and cement posted a 22% jump over the year on the back of Italcementi’s consolidation into the business. On a like-for-like basis, however, sales were up only slightly, at 1.2%. Geographically, sales of cement and clinker were up across the board, with the exception of Western and South Europe.

“The challenges were numerous,” said Chairman of HeidelbergCement’s Managing Board, Dr Bernd Scheifele, pointing to energy cost inflation, increased competition in emerging markets, uncertainties following Brexit, and bad weather in the US. “Nevertheless, we were able to increase our result for current operations as guided.”

Like-for-like revenue was up 2.1% over the year at €17.3 billion, while the result from current operations before depreciation and amortisation was up 5.5% at €3.3 billion.

“Apart from the revenue growth, the effective management of energy costs and the significant overachievement of the synergy targets relating to the Italcementi acquisition, contributed particularly to this positive development,” the company said.

HeidelbergCement also saw positive signs in its aggregates business, where sales volumes were up 6.2% on a like-for-like basis at 305 million t. Asphalt sales were also up 2.8%, but ready-mixed concrete sales were down slightly by 1.8% at 48 million t on the back of falls in Western and Southern Europe and Asia-Pacific.

“Overall, 2017 was a record year for sales volumes, revenue, and result from current operations,” concluded Dr Scheifele.

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


CEMEX Ventures and Grupo Avintia announce ‘Wallex’

The companies have announced the creation of Wallex, a company focused on design and engineering, manufacturing and on-site installation of offsite panelised and self-supporting construction systems.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Heidelberg Cement news Cement news 2018