HeidelbergCement confirms outlook despite slightly weaker market
Reuters
Published Jul 30, 2019 06:20
HeidelbergCement confirms outlook despite slightly weaker market
FRANKFURT (Reuters) - HeidelbergCement (DE:HEIG), the world's No.2 cement maker after LafargeHolcim (S:LHN), on Tuesday posted a slight rise in core earnings (RCOBD) in the second quarter, but said market dynamics had weakened slightly.
The group's preliminary result from current operations before depreciation (RCOBD) came in at 1.05 billion euros (£964.12 million) in the second quarter, a like-for-like increase of 1%, the group said.
"Despite a persistently challenging environment, we increased our revenue and result in the first half of 2019," CEO Bernd Scheifele said in a statement.
The company confirmed its full-year guidance and said it was on track to accomplish its portfolio optimisation target of disposals worth 500 million euros by the end of the year.
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Written By: Reuters
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