HeidelbergCement : Artful balance sheet clean-out
>€ 3.4bn of asset impairments - In the wake of the COVID 19 pandemic, HeidelbergCement has undertaken an in-depth review of the commercial outlook for all its key local business units in Q2. The audit has led to impairments of goodwill and tangible assets for a total of around € 3.4bn. The impairment will take a toll on earnings but will not entail any cashouts.The group cited several reasons for these impairments: 1/ the coronavirus pandemic, 2/ the impact of Br...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.