Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HEIDELBERGCEMENT AG

(HEI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sweden grants licence to key lime quarry, averting construction crisis

11/18/2021 | 10:56am EST

STOCKHOLM (Reuters) - Sweden will allow Cementa to mine limestone at its quarry on the island of Gotland until the end of next year, heading off for now a threat to the construction industry from a shortage of the building material.

The government overruled an environmental court that in July refused permission for the company, owned by giant HeidelbergCement, to continue mining limestone, a key ingredient of cement, at its quarry in Slite beyond Oct. 31.

"The looming cement crisis is averted and we can avoid serious societal consequences for housing construction, infrastructure and industry," Infrastructure Minister Ibrahim Baylan told a news conference.

A government report warned that 150,000 jobs could be at risk if the construction sector grinds to a halt, while importing cement could lead to increased CO2 emissions.

Construction accounts for roughly 11% of GDP, according to Sweden's Construction Federation.

(Reporting by Johan Ahlander; Editing by Kirsten Donovan)


ę Reuters 2021
All news about HEIDELBERGCEMENT AG
01/13HEIDELBERGCEMENT AG : Jefferies sticks Neutral
MD
01/13HEIDELBERGCEMENT : continues share buyback programme
PU
01/12HeidelbergCement India Commissions Aflternate Fuels Plant at Clinker Unit in Madhya Pra..
MT
01/10HEIDELBERGCEMENT ACCELERATES GROWTH : Significant acquisition in the U.S. Pacific Northwe..
PU
01/10HeidelbergCement Announces Finalisation of Corliss Resources Acquisition
RE
01/05Edenville Energy Plc - Appointment of Interim Broker
AQ
01/05HEIDELBERGCEMENT AG : Jefferies reaffirms its Neutral rating
MD
2021Tanga Cement Share Registers 192pc Ahead of Looming Acquisition
AQ
2021HEIDELBERGCEMENT AG : UBS keeps its Buy rating
MD
2021HEIDELBERGCEMENT AG : DZ Bank reiterates its Buy rating
MD
More news
Analyst Recommendations on HEIDELBERGCEMENT AG
More recommendations
Financials
Sales 2021 18 575 M 21 190 M 21 190 M
Net income 2021 1 623 M 1 852 M 1 852 M
Net Debt 2021 5 131 M 5 854 M 5 854 M
P/E ratio 2021 7,75x
Yield 2021 3,84%
Capitalization 12 598 M 14 390 M 14 372 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,88x
Nbr of Employees 53 327
Free-Float -
Chart HEIDELBERGCEMENT AG
Duration : Period :
HeidelbergCement AG Technical Analysis Chart | HEI | DE0006047004 | MarketScreener
Technical analysis trends HEIDELBERGCEMENT AG
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 65,02 €
Average target price 78,26 €
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
Ralph Dominik von Achten Chairman-Management Board
RenÚ Samir Aldach Chief Financial Officer
Fritz-JŘrgen Heckmann Chairman-Supervisory Board
Wolfgang Dienemann Director-Global Research & Development
Andreas Schnurr Director-Group Human Resources & Compliance
Sector and Competitors
1st jan.Capi. (M$)
HEIDELBERGCEMENT AG9.24%14 390
CRH PLC0.11%40 944
ULTRATECH CEMENT LIMITED0.92%29 821
VULCAN MATERIALS COMPANY-7.39%25 510
MARTIN MARIETTA MATERIALS, INC.-8.60%25 117
GRASIM INDUSTRIES LIMITED14.49%16 466