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MarketScreener Homepage  >  Equities  >  Xetra  >  HeidelbergCement AG    HEI   DE0006047004

HEIDELBERGCEMENT AG

(HEI)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/30 06:43:00 am
49.01 EUR   +0.76%
10/26ASIAN LEGAL BUSINESS CONVERSATIONS : Hong Kong Managing Partner Cameron Adderley
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10/26HEIDELBERGCEMENT : Consensus Q3 2020
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10/16HEIDELBERGCEMENT AG : Goldman Sachs remains Neutral
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HeidelbergCement : to keep lid on costs after solid start in third quarter

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07/30/2020 | 01:37am EDT
FILE PHOTO: A logo of HeidelbergCement is pictured at their headquarters in Heidelberg

HeidelbergCement, the world's No. 2 cement maker, on Thursday said it would continue to tighten its purse strings in the wake of the coronavirus crisis after a good start to the July-September quarter.

The German group said construction activity had gradually recovered over the course of the second quarter, but cautioned it was still impossible to provide an outlook for the full-year.

"We have made a solid start into the third quarter. We will maintain our focus on cost savings and preserving liquidity," Chief Executive Dominik von Achten said in a statement.

The remarks chime with comments from larger peer LafargeHolcim, which also published second-quarter results on Thursday, saying the peak of the crisis had passed.

HeidelbergCement said cash savings from its COPE cost cutting programme launched earlier this year stood at 354 million euros ($417 million) at end June. It targets 1 billion euros in 2020.

Those cuts had helped it post higher-than-expected preliminary second-quarter sales and profits earlier this month.

($1 = 0.8499 euros)

(Reporting by Christoph Steitz; Editing by Thomas Seythal and Maria Sheahan)


Stocks mentioned in the article
ChangeLast1st jan.
HEIDELBERGCEMENT AG 0.93% 49.07 Delayed Quote.-25.12%
LAFARGEHOLCIM LTD 0.39% 39.03 Delayed Quote.-27.60%
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All news about HEIDELBERGCEMENT AG
10/26ASIAN LEGAL BUSINESS CONVERSATIONS : Hong Kong Managing Partner Cameron Adderley
AQ
10/26HEIDELBERGCEMENT : Consensus Q3 2020
PU
10/16HEIDELBERGCEMENT AG : Goldman Sachs remains Neutral
MD
10/13HEIDELBERGCEMENT AG : JP Morgan reaffirms its Neutral rating
MD
10/13HEIDELBERGCEMENT AG : Gets a Neutral rating from Barclays
MD
10/12HEIDELBERGCEMENT AG : DZ Bank reaffirms its Buy rating
MD
10/12HEIDELBERGCEMENT AG : Receives a Buy rating from Morgan Stanley
MD
10/09HEIDELBERGCEMENT AG : UBS reiterates its Buy rating
MD
10/08HEIDELBERGCEMENT AG : Receives a Buy rating from Citigroup
MD
10/05HeidelbergCement loses fight against EU veto of Croatian deal
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Financials
Sales 2020 17 356 M 20 252 M 20 252 M
Net income 2020 -2 071 M -2 417 M -2 417 M
Net Debt 2020 7 194 M 8 394 M 8 394 M
P/E ratio 2020 -5,51x
Yield 2020 3,49%
Capitalization 9 651 M 11 253 M 11 262 M
EV / Sales 2020 0,97x
EV / Sales 2021 0,88x
Nbr of Employees 53 882
Free-Float 74,5%
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Technical analysis trends HEIDELBERGCEMENT AG
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 63,04 €
Last Close Price 48,64 €
Spread / Highest target 68,2%
Spread / Average Target 29,6%
Spread / Lowest Target -21,9%
EPS Revisions
Managers
NameTitle
Ralph Dominik von Achten Chairman-Management Board
Fritz-Jürgen Heckmann Chairman-Supervisory Board
Lorenz Näger CFO, Deputy Chairman-Management Board
Dennis Lentz Director-Group Information Technology
Wolfgang Dienemann Director-Global Research & Development
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