HEIDELBERGCEMENT- 4Q17 - Strong results enable meeting of FY guidance
HeidelbergCement (‘HC’), the German cement maker, has published solid 4Q17 results on the back of good sales volume and pricing momentum in key countries, plus sizeable synergies with Italcementi. LFL sales were up 5.2% yoy to €4.26bn in Q4 and LFL EBITDA increased by a high 16% to €890m, above the market consensus (€862m).
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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