Plus   Neg

HeidelbergCement 2018 Profit Group Share Rises; Revenue Up 5% - Quick Facts

HeidelbergCement (HDELY.PK) reported that its fiscal 2018 Group share of profit rose to 1.14 billion euros from 918 million euros, prior year. Earnings per share improved by 25% to 5.76 euros. Result from current operations declined 9%, or 4% like-for-like, to 1.98 billion euros.

Fiscal 2018 revenue rose by 5% to 18.1 billion euros from 17.3 billion euros, last year, even though it was impaired by negative currency effects. Adjusted for currency and consolidation effects, revenue increased by 8%.

For 2019, the Managing Board has set the goal of increasing revenue and result from current operations moderately before currency and consolidation effects as well as moderately improving the profit for the financial year before non-recurring effects.

The Managing Board and Supervisory Board will propose to the Annual General Meeting on 9 May 2019 a significant increase of 11% in the dividend to 2.10 euros per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Workers at Volkswagen AG's only factory in the U.S. have voted against forming a factory-wide union, dealing yet another blow to efforts by the United Auto Workers union to organize plants owned by foreign automakers. According to preliminary results announced on Friday, 833 workers at Volkswagen's plant in Chattanooga, Tennessee, reportedly voted against union representation. International Business Machines Corp. and Cúram Software, acquired by the tech giant in 2011, have agreed to pay $14.8 million to settle alleged violations of the False Claims Act, the Justice Department said in a statement. According to the DOJ, IBM and Cúram allegedly made material misrepresentations to the State of Maryland during a contract award process in 2011 and 2012. Lyrics website Genius Media Group Inc. has accused Google of copying some song lyrics directly from its website without permission, for the tech giant's search results. Genius told the Wall Street Journal that it is seeing falling traffic for the past several years as Google has been publishing lyrics in search pages on its own platform, with some of them lifted directly from the Genius website.
Follow RTT