HeidelbergCement’s Like-for-Like Improvement Continued Through 4Q
Delivering on expectations that 2017 performance would be weighted to the back half of the year, Heidelberg saw strong improvement in the fourth quarter, with like-for-like cement and aggregate volume growth of about 5% and 3%, respectively. As a result, like-for-like revenue rose more than 5%. A 200-basis-point like-for-like operating EBITDA margin expansion led to an over 16% like-for-like increase in EBITDA. For the full year, operating EBITDA rose 5.5% over the prior year to EUR 3.3 billion....
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