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MarketScreener Homepage  >  Equities  >  Xetra  >  HeidelbergCement AG    HEI   DE0006047004

HEIDELBERGCEMENT AG

(HEI)
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Dangote enters Togo with fertiliser and cement deals

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11/08/2019 | 08:08am EST
Labourers work at the Dangote Cement factory in Obajana village in Nigeria's central state of Kogi

Nigerian industrial conglomerate Dangote Group has signed deals to make phosphate into fertiliser and build a cement factory in Togo, the small West African country said on Friday.

Togo's vast phosphate resources are mostly exported in their raw form, and Dangote's project would process some of that phosphate to make fertiliser in-country, aiming to export it to the region.

The cost of the project is around $2 billion, a statement from Togo's government said, without specifying how much of that would come from Dangote.

Dangote also signed a deal to build a cement factory at a cost of around $60 million. Construction of the factory is set to start in the first quarter of 2020 and it will begin producing by the end of next year, the statement said.

The cement would serve the Togolese market as well as export to neighbouring countries.

The deal marks Dangote's first push into Togo, setting billionaire Aliko Dangote's firm up for competition against Germany's HeidelbergCement, which operates three companies there, and Fortia Cement.

(Reporting by John Zodzi, Writing by Helen Reid, Editing by)

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Financials (EUR)
Sales 2019 19 034 M
EBIT 2019 2 202 M
Net income 2019 1 186 M
Debt 2019 8 326 M
Yield 2019 3,38%
P/E ratio 2019 11,5x
P/E ratio 2020 10,2x
EV / Sales2019 1,14x
EV / Sales2020 1,06x
Capitalization 13 357 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 75,71  €
Last Close Price 67,26  €
Spread / Highest target 42,7%
Spread / Average Target 12,6%
Spread / Lowest Target -24,7%
EPS Revisions
Managers
NameTitle
Bernd Scheifele Chairman-Managing Board
Fritz-Jürgen Heckmann Chairman-Supervisory Board
Lorenz Näger Chief Financial Officer
Dennis Lentz Director-Group Information Technology
Wolfgang Dienemann Director-Global Research & Development
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