Ad-hoc: Preliminary results of HeidelbergCement in the second quarter of 2020 above market expectations
In the course of preparing the half-year financial report 2020 of HeidelbergCement AG, the preliminary Q2 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts.
Therefore, HeidelbergCement is already publishing the following preliminary Q2 key figures from the half-year financial report 2020:
- Preliminary revenue amounts to EUR 4,324 million in Q2 2020. The capital market expects EUR 3,907 million for this key figure.
- The preliminary result from current operations before depreciation and amortisation (RCOBD) amounts to EUR 999 million in Q2 2020. The capital market expects EUR 707 million for this key figure.
- The preliminary result from current operations (RCO) amounts to EUR 652 million in Q2 2020. The capital market expects EUR 357 million for this key figure.
With the COPE action plan, the company already launched a comprehensive bundle of measures in February, which focuses on cost savings and maintaining liquidity. These measures took effect especially in the second quarter and made a significant contribution to the fact that the burden on earnings caused by the COVID-related decline in revenue was largely offset by cost savings.
The financial report for the first half of 2020 will be published on 30 July 2020.
About HeidelbergCement
HeidelbergCement is one of the world’s largest integrated manufacturers of building materials, with leading market positions in aggregates, cement, and ready-mixed concrete. The Group employs around 55,000 people at over 3,000 locations in more than 50 countries.
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