HeidelbergCement 1Q17 - Mixed winter quarter but catch-up expected and guidance reaffirmed
HeidelbergCement (‘HC’), the German cement maker, published mixed results in the seasonally weak Q1. On a like-for-like basis, sales were stable yoy at €3.78bn while EBITDA was down 3.4% to €383m,...
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.
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