logo
Plus   Neg
Share
Email

HeidelbergCement H1 Group Revenue Declines 10.4%

HeidelbergCement (HDELY.PK) reported a 10.4% decline in first-half revenues, hit by lower sales volume and changed business policy at HC Trading.

Group revenue decreased by 10.4% to €8,254 million compared to the previous year's €9,212 million. Excluding consolidation and exchange rate effects, the decline amounted to 10.2%.

The Group share of the net result for the period totalled loss €3,133 million compared to a profit of €212 million last year. The company noted that the Group share of net result for the period was impacted by non-recurring effect from impairments.

Loss per share for the period was €15.79 versus a profit of €1.07 reported in the same period of last year.

Excluding non-recurring effects from the impairment of goodwill and other assets, the Group share rose by 5% to €356 million from €340 million reported a year ago.

Dr Dominik von Achten, Chairman of the Managing Board of HeidelbergCement, said, "In the second quarter, revenue dropped in many countries, in some cases by double-digit percentages. Nevertheless, we achieved a good result, which was almost at the previous year's level. The successful implementation of our COPE action plan played a large part in this..."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. (AAPL) Wednesday reported a first-quarter profit that trumped Wall Street estimates, as the iPhone maker's revenues topped $100 billion driven by strong demand for latest iPhones and wearables segment. Apple's first-quarter profit rose to $28.76 billion or $1.68 per share from $22.24 billion... Shares of Tesla Motors Inc. (TSLA) slipped 5% in extended trading session on Wednesday after the luxury electric car maker reported a profit for the fourth quarter that fell short of Wall Street analysts' estimates. Palo Alto, California-based Tesla reported fourth-quarter profit of $270 million or... Walmart said it plans to scale the number of stores that will also serve as local fulfillment centers, noting that its customers love the speed and convenience of pickup and delivery. According to the retail giant, dozens of stores will become local fulfilment centers, with many more to come later. A portion of these stores will be converted into automated warehouses.
RELATED NEWS
Follow RTT