Despite the weak demand in many countries due to the coronavirus and the corresponding declines in revenue, the result from the company’s current operations remained almost at the level of the previous year.
The 3.2 km long BAB 5 section between Hirschberg and Ladenburg in the direction of Frankfurt-Karlsruhe was renewed within six days, which has been owed to always having sufficient cement on site.
The company has reviewed the business prospects of all significant local business units of the group in the second quarter of 2020, considering the expected effects of the COVID 19 pandemic on the business.
Besides the topic of climate protection, the report documents the company’s activities regarding human rights and compliance as well as occupational health and safety.
HeidelbergCement has been active in a number of national Green Building Councils for many years, and intends to expand this commitment in its new role as Regional Partner of the ERN.
The company held its 131st Annual General Meeting virtually on 04 June due to the coronavirus pandemic.
The company has had a positive start to year, although due to the impact of the coronavirus its 2020 outlook remains uncertain.
The company is to introduce short-time work for employees in Germany, while the Supervisory Board and the Management Board of the company are to waive 20 % of their fixed salaries in Q2 2020.