HeidelbergCement AG (HDELY.PK, HEI.DE) posted a wider loss for the first quarter, as sales were hit by prolonged winter. The group further confirmed its outlook for 2013.
The German producer of cement, concrete and other building materials reported that first-quarter Group share of loss totaled 235 million euros, wider than the 208 million euros loss posted a year ago
The group posted a pre-tax loss of 162 million euros that was wider than last year's 147 million euros.
Revenue for the quarter at 2.799 billion euros is almost on par with last year's 2.761 billion euros. The group said prolonged winter impacted its sales volumes and revenue primarily in the Western and Northern Europe and Eastern Europe-Central Asia Group areas.
However, operating income increased 35 percent to 16 million euros.
Looking ahead, the group said it still expects further increase in revenue and operating income in 2013 and significantly improving profit before tax.
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