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HEIDELBERGCEMENT AG

(HEI)
  Report
Real-time Estimate Tradegate  -  01:46 2022-10-05 am EDT
43.03 EUR   -0.60%
09/29HEIDELBERG MATERIALS : Gets a Neutral rating from JP Morgan
MD
09/29HEIDELBERG MATERIALS : Receives a Buy rating from Mainfirst
MD
09/27Heidelberg Materials may shut plants if power prices stay high
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HeidelbergCement lowers profit outlook on high energy costs

07/28/2022 | 01:19am EDT
FILE PHOTO: A logo of HeidelbergCement is pictured at their headquarters in Heidelberg

FRANKFURT (Reuters) - HeidelbergCement, the world's No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy prices.

The results from current operations before depreciation and amortisation (RCOBD) were 1.13 billion euros ($1.15 billion) in the April-June period, the company said.

The company confirmed its outlook for strong revenue growth but said a slight decline in the results from current operations was now expected in 2022.

Larger rival Holcim a day earlier brushed off higher energy prices and rising interest rates to hike its full-year sales guidance after beating second-quarter forecasts.

($1 = 0.9801 euros)

(Reporting by Christoph Steitz; Editing by Christian Schmollinger)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HEIDELBERGCEMENT AG 4.31% 43.29 Delayed Quote.-27.27%
HOLCIM LTD 3.88% 42.84 Delayed Quote.-11.33%
All news about HEIDELBERGCEMENT AG
09/29HEIDELBERG MATERIALS : Gets a Neutral rating from JP Morgan
MD
09/29HEIDELBERG MATERIALS : Receives a Buy rating from Mainfirst
MD
09/27Heidelberg Materials may shut plants if power prices stay high
RE
09/27FACTBOX - How Germany's industrial giants are preparing for winter
RE
09/26HEIDELBERG MATERIALS : Barclays keeps a Sell rating
MD
09/23Dd : HeidelbergCement AG : Notification and public disclosure of transactions by persons
EQ
09/22HEIDELBERG MATERIALS : Berenberg keeps its Buy rating
MD
09/21HeidelbergCement becomes Heidelberg Materials
AQ
09/20HEIDELBERGCEMENT AG : Goldman Sachs maintains a Sell rating
MD
09/20Lehigh Hanson to become Heidelberg Materials
AQ
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Analyst Recommendations on HEIDELBERGCEMENT AG
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Financials
Sales 2022 20 629 M 20 559 M 20 559 M
Net income 2022 1 478 M 1 473 M 1 473 M
Net Debt 2022 5 014 M 4 997 M 4 997 M
P/E ratio 2022 5,46x
Yield 2022 5,97%
Capitalization 8 329 M 8 301 M 8 301 M
EV / Sales 2022 0,65x
EV / Sales 2023 0,60x
Nbr of Employees 52 350
Free-Float 47,3%
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Technical analysis trends HEIDELBERGCEMENT AG
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 43,29 €
Average target price 57,02 €
Spread / Average Target 31,7%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capi. (M$)
HEIDELBERGCEMENT AG-27.27%7 855
CRH PLC-25.72%24 606
ULTRATECH CEMENT LIMITED-17.76%22 077
VULCAN MATERIALS COMPANY-22.73%21 317
MARTIN MARIETTA MATERIALS, INC.-25.86%20 371
GRASIM INDUSTRIES LIMITED0.88%13 181