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HEIDELBERGCEMENT AG

(HEI)
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HeidelbergCement virtual Annual General Meeting 2021: Climate protection as central theme

05/06/2021 | 11:46am EDT

Today, HeidelbergCement held its 132nd Annual General Meeting - for the second time in a row in virtual form. The Annual General Meeting approved all items on the agenda with a large majority and welcomed the return to the progressive dividend policy. For the 2020 financial year, the shareholders of HeidelbergCement will receive a dividend of €2.20 per share (previous year: €0.60). Total distribution to the shareholders amounts to approximately €436 million. The dividend will be paid on 11 May 2021.

Dr. Dominik von Achten, Chairman of the Managing Board, devoted a significant part of his presentation to the topic of climate protection. HeidelbergCement is continuously reducing its CO2 emissions and aims to produce CO2-neutral concrete by 2050. HeidelbergCement is one of the first companies to link also the achievement of its climate protection goals to the bonus scheme for employees and management.

In view of the current market dynamics with comprehensive infrastructure programmes, such as in the USA, Dr. Dominik von Achten gave an optimistic outlook for the current year. In the first quarter of 2021, HeidelbergCement achieved results that were significantly above the previous year's quarter and market expectations.

More than 1,300 people participated in the virtual event, which was streamed from the headquarters in Heidelberg. 309 questions were submitted (previous year: 120). After the Chairman of the Supervisory Board Fritz-Jürgen Heckmann, the Chairman of the Managing Board Dr. Dominik von Achten, and the CFO Dr. Lorenz Näger had answered them in detail, the Annual General Meeting expressed its confidence in the members of the Supervisory Board and Managing Board of HeidelbergCement AG for the 2020 financial year with a large majority and discharged them. At the time of voting, around 153.8 million shares were represented, corresponding to 77.49% of the approximately 198.4 million shares.

The voting results in detail can be viewed at:
https://www.heidelbergcement.com/en/annual-general-meeting-2021

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 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 15:45:02 UTC.


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Financials
Sales 2021 18 336 M 21 745 M 21 745 M
Net income 2021 1 465 M 1 738 M 1 738 M
Net Debt 2021 5 979 M 7 091 M 7 091 M
P/E ratio 2021 9,56x
Yield 2021 3,42%
Capitalization 14 159 M 16 786 M 16 791 M
EV / Sales 2021 1,10x
EV / Sales 2022 1,01x
Nbr of Employees 53 122
Free-Float 74,5%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 86,24 €
Last Close Price 71,36 €
Spread / Highest target 51,5%
Spread / Average Target 20,9%
Spread / Lowest Target -10,3%
EPS Revisions
Managers and Directors
NameTitle
Ralph Dominik von Achten Chairman-Management Board
Lorenz Nńger CFO, Deputy Chairman-Management Board
Fritz-JŘrgen Heckmann Chairman-Supervisory Board
Dennis Lentz Director-Group Information Technology
Wolfgang Dienemann Director-Global Research & Development
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