HeidelbergCement Steady During Third Quarter; Shares Price in Meaningful Performance Acceleration
HeidelbergCement completed the acquisition of Italcementi and now holds 100% of its former competitor as of Oct. 12. Performance of the newly combined company continued to improve at a steady pace during the third quarter. On a like-for-like basis, cement volumes grew at roughly 5% over the prior year quarter, while contraction in aggregates and weak growth in ready mix concrete was offset by strong volume growth in asphalt. As a result, revenue was roughly flat over the third quarter of 2015. H...HeidelbergCement is engaged in the production and distribution of cement and aggregates, concrete and building products. Co.'s product range is complemented by downstream activities, such as ready-mixed concrete, concrete products, and concrete elements; in some countries, asphalt and building products, such as bricks and roof tiles, lime, or sand-lime bricks, are also manufactured. Furthermore, Co. provides services such as worldwide trading in cement and coal by sea. Co.'s products are used for the construction of houses, infrastructure, and commercial and industrial facilities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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