HEIDELBERGCEMENT AG

(HEI)
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Real-time Estimate Tradegate  -  05/17 02:46:33 pm EDT
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HeidelbergCement : continues share buyback programme

01/13/2022 | 05:31am EDT
  • Second tranche of share buyback programme to start earlier than originally planned already within Q1 2022
  • Shares acquired during the first tranche of the share buyback programme will be cancelled
  • Their cancellation reduces the total number of shares to 193,091,900

HeidelbergCement will continue with its share buyback programme earlier than originally planned. The second tranche in the amount of €300 to €350 million is scheduled to start already within the first quarter of 2022 and is to be completed by the third quarter 2022 at the latest.

Upon the successful completion of the first tranche in December 2021, HeidelbergCement's Managing Board decided on 13 January 2022 to cancel all shares that were acquired within the first tranche. The total amount of 5,324,577 shares are corresponding to approximately 2.68% of the share capital and were so far held as treasury shares. Their cancellation reduces the total number of shares to 193,091,900.

The share buyback programme is the first of its kind in the company's history. It emphazises HeidelbergCement's increased focus on shareholder returns. The programme with a total amount of up to €1 billion was announced on 28 July 2021 and will be carried out in several tranches.

HeidelbergCement will provide regular information on the progress of the share buyback programme on its website, in compliance with the correspondent requirements.

About HeidelbergCement

HeidelbergCement is one of the world's largest integrated manufacturers of building materials and solutions, with leading market positions in aggregates, cement, and ready-mixed concrete. Around 53,000 employees at more than 3,000 locations in over 50 countries deliver long-term financial performance through operational excellence and openness for change. At the center of actions lies the responsibility for the environment. As forerunner on the path to carbon neutrality, HeidelbergCement crafts material solutions for the future.

Disclaimer

HeidelbergCement AG published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 10:30:09 UTC.


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Sales 2022 20 174 M 20 989 M 20 989 M
Net income 2022 1 522 M 1 583 M 1 583 M
Net Debt 2022 4 802 M 4 996 M 4 996 M
P/E ratio 2022 6,47x
Yield 2022 5,03%
Capitalization 10 218 M 10 631 M 10 631 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,68x
Nbr of Employees 51 209
Free-Float 48,6%
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Number of Analysts 21
Last Close Price 52,18 €
Average target price 65,38 €
Spread / Average Target 25,3%
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Ralph Dominik von Achten Chairman-Management Board
René Samir Aldach Chief Financial Officer
Bernhard Scheifele Chairman-Supervisory Board
Wolfgang Dienemann Director-Global Research & Development
Andreas Schnurr Director-Group Human Resources & Compliance
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