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OFFON

HEIDELBERGCEMENT AG

(HEI)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/23 03:59:55 pm
66.51 EUR   +0.96%
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HeidelbergCement : raises profit outlook on construction activity

07/29/2021 | 01:54am EDT
FILE PHOTO: A logo of HeidelbergCement is pictured at their headquarters in Heidelberg

FRANKFURT (Reuters) - HeidelbergCement, the world's second-largest cement maker, on Thursday raised its profit outlook for 2021 on the back of strong construction activity that the group expects to continue due to several pandemic-related stimulus programmes.

"The market environment in the construction sector is and remains good," Chief Executive Dominik von Achten said. "We see continued good demand in private residential construction and infrastructure in all regions."

The group now expects the result from current operations before depreciation and amortisation (RCOBD) to rise significantly in 2021, having previously expected a slight increase.

Even though prices for raw materials and energy have risen significantly in recent months, HeidelbergCement expects global economic stimulus programmes to continue to boost the construction sector, von Achten said.

"We are optimistic about the future."

(Reporting by Christoph Steitz; Editing by Tomasz Janowski)


ę Reuters 2021
All news about HEIDELBERGCEMENT AG
05:22aHEIDELBERGCEMENT AG : Berenberg reiterates its Buy rating
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More news
Analyst Recommendations on HEIDELBERGCEMENT AG
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Financials
Sales 2021 18 588 M 21 834 M 21 834 M
Net income 2021 1 630 M 1 915 M 1 915 M
Net Debt 2021 5 419 M 6 365 M 6 365 M
P/E ratio 2021 8,00x
Yield 2021 3,72%
Capitalization 13 052 M 15 317 M 15 331 M
EV / Sales 2021 0,99x
EV / Sales 2022 0,91x
Nbr of Employees 53 327
Free-Float 74,5%
Chart HEIDELBERGCEMENT AG
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HeidelbergCement AG Technical Analysis Chart | HEI | DE0006047004 | MarketScreener
Technical analysis trends HEIDELBERGCEMENT AG
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 66,28 €
Average target price 87,52 €
Spread / Average Target 32,1%
EPS Revisions
Managers and Directors
Ralph Dominik von Achten Chairman-Management Board
RenÚ Aldach Chief Financial Officer
Fritz-JŘrgen Heckmann Chairman-Supervisory Board
Dennis Lentz Director-Group Information Technology
Wolfgang Dienemann Director-Global Research & Development
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