|Bid||0.00 x 50800|
|Ask||0.00 x 17900|
|Day's range||60.16 - 61.20|
|52-week range||29.00 - 70.02|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||N/A|
|Earnings date||05 Nov 2020|
|Forward dividend & yield||0.60 (0.99%)|
|Ex-dividend date||05 Jun 2020|
|1y target est||N/A|
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. HeidelbergCement said cash savings from its COPE cost cutting programme launched earlier this year stood at 354 million euros ($417 million) at end June.
HeidelbergCement <HEIG.DE> said the future was still shrouded in uncertainty this year, striking a starkly more cautious tone than its bigger rival LafargeHolcim <LHN.S> which said it had weathered the "tsunami" of the coronavirus crisis. Chief Executive Dominik von Achten was circumspect on Thursday as the German company, the world's No. 2 cement maker, said it was still too early to give an outlook for the full year. Just earlier in the day, LafargeHolcim CEO Jan Jenisch had said that sales in all five of its regions had returned to 2019 levels by the end of June as lockdowns eased, adding: "This is a tsunami crisis and in our case it is already over."
HeidelbergCement AG / Key word(s): Interim Report/Quarter Results HeidelbergCement AG: Preliminary results of HeidelbergCement in the second quarter of 2020 above market expectations 14-Jul-2020 / 16:38 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *In the course of preparing the half-year financial report 2020 of HeidelbergCement AG, the preliminary Q2 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts.Therefore, HeidelbergCement is already publishing the following preliminary Q2 key figures from the half-year financial report 2020: * Preliminary revenue amounts to EUR 4,324 million in Q2 2020. The capital market expects EUR 3,907 million for this key figure. * The preliminary result from current operations before depreciation and amortisation (RCOBD) amounts to EUR 999 million in Q2 2020. The capital market expects EUR 707 million for this key figure. * The preliminary result from current operations (RCO) amounts to EUR 652 million in Q2 2020. The capital market expects EUR 357 million for this key figure. With the COPE action plan, the company already launched a comprehensive bundle of measures in February, which focuses on cost savings and maintaining liquidity. These measures took effect especially in the second quarter and made a significant contribution to the fact that the burden on earnings caused by the COVID-related decline in revenue was largely offset by cost savings.The financial report for the first half of 2020 will be published on 30 July 2020.Please refer to page 200 of the Annual Report 2019 for the definition of the terms "Result from current operations before depreciation and amortisation" and "Result from current operations".https://www.heidelbergcement.com/en/investor-relationsHeidelberg, 14 July 2020HeidelbergCement AGThe Management Board Contact: HeidelbergCement AG Group Communication & Investor Relation Christoph Beumelburg Tel.: +49 6221 481 13249 Fax: +49 6221 481 13217 firstname.lastname@example.org Berliner Straße 6 69120 Heidelberg Germany * * *14-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: HeidelbergCement AG Berliner Straße 6 69120 Heidelberg Germany Phone: +49 (0)6221 481-0 Fax: +49 (0)6221 481-13217 E-mail: email@example.com Internet: www.heidelbergcement.com ISIN: DE0006047004 WKN: 604700 Indices: DAX30 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Hamburg, Hanover, Tradegate Exchange EQS News ID: 1093767 End of Announcement DGAP News Service