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MarketScreener Homepage  >  Equities  >  Xetra  >  HeidelbergCement AG    HEI   DE0006047004

HEIDELBERGCEMENT AG

(HEI)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 03/01 03:59:51 pm
67.09 EUR   +2.46%
02/25HEIDELBERGCEMENT AG  : Receives a Buy rating from Berenberg
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02/24HEIDELBERGCEMENT AG  : JP Morgan gives a Neutral rating
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02/24HEIDELBERGCEMENT AG  : Barclays remains Neutral
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HeidelbergCement : Shrugging off COVID-19, HeidelbergCement saw good start to 2021

02/23/2021 | 01:24am EST

* 2020 core profit up 6.1% like-for-like

* Cash savings of 1.3 bln eur in 2020

* Sales down 4.6% at 17.61 bln eur

FRANKFURT, Feb 23 (Reuters) - HeidelbergCement, the world's second-largest cement maker, on Tuesday said it saw a good start to 2021 after preliminary results showed core profit was up 6% last year.

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy. I am also confident about private residential construction," Chief Executive Dominik von Achten said.

Adjusted for currency and consolidation effects, the result from current operations before depreciation and amortisation was up 6.1% at 3.71 billion euros ($4.51 billion) last year, while sales were down 4.6% at 17.61 billion.

At 1.3 billion euros, cash savings blew past the group's own forecasts of 1 billion euros, helping the group soften the impact of the coronavirus crisis, which had a substantial impact on construction activity last year.

"We managed to more than compensate for the coronavirus-related decline in sales volumes through consistent spending discipline," von Achten said.

The group also said it would tie variable remuneration of managing board members as well as bonus-eligible employees to both CO2 reduction and financial targets. By 2025, specific net CO2 emissions are to be cut by 30% versus 1990 levels.

($1 = 0.8218 euros) (Reporting by Christoph Steitz; Editing by Riham Alkousaa and Maria Sheahan)


© Reuters 2021
All news about HEIDELBERGCEMENT AG
02/25HEIDELBERGCEMENT AG  : Receives a Buy rating from Berenberg
MD
02/24HEIDELBERGCEMENT AG  : JP Morgan gives a Neutral rating
MD
02/24HEIDELBERGCEMENT AG  : Barclays remains Neutral
MD
02/24HEIDELBERGCEMENT AG  : Credit Suisse gives a Neutral rating
MD
02/24HEIDELBERGCEMENT AG  : Gets a Buy rating from UBS
MD
02/24HEIDELBERGCEMENT AG  : Jefferies keeps its Buy rating
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02/23HEIDELBERGCEMENT AG  : JP Morgan sticks Neutral
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02/23HEIDELBERGCEMENT AG  : Berenberg reiterates its Buy rating
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Financials
Sales 2020 17 517 M 21 108 M 21 108 M
Net income 2020 -2 149 M -2 590 M -2 590 M
Net Debt 2020 6 990 M 8 424 M 8 424 M
P/E ratio 2020 -6,21x
Yield 2020 2,63%
Capitalization 13 294 M 16 030 M 16 020 M
EV / Sales 2020 1,16x
EV / Sales 2021 1,06x
Nbr of Employees 53 882
Free-Float 74,5%
Chart HEIDELBERGCEMENT AG
Duration : Period :
HeidelbergCement AG Technical Analysis Chart | HEI | DE0006047004 | MarketScreener
Technical analysis trends HEIDELBERGCEMENT AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 73,64 €
Last Close Price 67,00 €
Spread / Highest target 28,2%
Spread / Average Target 9,91%
Spread / Lowest Target -16,4%
EPS Revisions
Managers and Directors
NameTitle
Ralph Dominik von Achten Chairman-Management Board
Lorenz Näger CFO, Deputy Chairman-Management Board
Fritz-Jürgen Heckmann Chairman-Supervisory Board
Dennis Lentz Director-Group Information Technology
Wolfgang Dienemann Director-Global Research & Development
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