HeidelbergCement swung into profit and provided a picture of strong underlying demand for its cement in 1Q18, despite the challenges of a long winter and early Easter holiday in Europe.
One year after the acquisition of Italcementi, HeidelbergCement has achieved new record figures for sales volumes, revenue, result from current operations, and free cash flow.
The company has signed the ‘Pledge for Access to Safe Water, Sanitation and Hygiene at the Workplace’ a scheme that promotes sustainable practices in business.
Boosted by the full-year integration of Italcementi into its results, HeidelbergCement reported record sales volumes and revenues in 2017.
Weak demand in Egypt and margin pressure in Sub-Saharan Africa marked HeidelbergCement’s results in Africa in 2017.
HeidelbergCement’s Asia-Pacific business showed signs of stabilisation in 2017 with demand strengthening through the year.
Growth in Northern and Eastern Europe offset a more mixed set of results from Western and Southern Europe.
HeidelbergCement reported cement and clinker sales of 126 million t in 2017, as the company saw a broad-based increase in demand across its geographies.
HeidelbergCement has announced its subsidiary US company Lehigh Cement Co. LLC will sell its stake in Lehigh White Cement Co.