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HEIDELBERGCEMENT AG

(HEI)
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Portfolio optimisation continues: HeidelbergCement sells business in Sierra Leone

12/01/2021 | 03:11am EST

HeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corporation Ltd. (Leocem) to the Diamond Cement Group. HeidelbergCement holds 50% of the shares in the company and has full management responsibility.

The sale includes a cement grinding plant with two grinding mills. The plant is located in Sierra Leone's capital Freetown and has a capacity of approximately 500,000 tonnes per year.

The divestment is part of HeidelbergCement's ongoing portfolio optimisation and margin improvement programme within its 'Beyond 2020' strategy. In West Africa, HeidelbergCement will continue to focus on its core markets in Ghana, Liberia, Togo, Burkina Faso, Benin, and Gambia.

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 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 08:10:01 UTC.


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Financials
Sales 2021 18 575 M 21 064 M 21 064 M
Net income 2021 1 621 M 1 838 M 1 838 M
Net Debt 2021 5 133 M 5 821 M 5 821 M
P/E ratio 2021 7,52x
Yield 2021 3,96%
Capitalization 12 207 M 13 845 M 13 843 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,86x
Nbr of Employees 53 327
Free-Float 75,0%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 63,00 €
Average target price 78,31 €
Spread / Average Target 24,3%
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Managers and Directors
Ralph Dominik von Achten Chairman-Management Board
RenÚ Samir Aldach Chief Financial Officer
Fritz-JŘrgen Heckmann Independent Member-Supervisory Board
Wolfgang Dienemann Director-Global Research & Development
Andreas Schnurr Director-Group Human Resources & Compliance
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