HeidelbergCement AG, the world’s third-largest maker of cement, reported first-quarter profit that missed analysts’ estimates as a harsh winter depressed earnings in a slumping Europe, outweighing the impact of a savings program.
HeidelbergCement AG, the world’s third-largest cement maker, is looking to sell North American brick operations this year after Chief Executive Officer Bernd Scheifele carried out a strategic review with an eye on costs.
HeidelbergCement AG seeks to reduce its debt by about 16 percent to 6.5 billion euros ($7.96 billion) in an effort to boost its credit rating and share price, the Frankfurter Allgemeine Sonntagszeitung said, citing an interview with Chief Executive Officer Bernd Scheifele.
HeidelbergCement AG , the world’s largest maker of aggregates used to produce concrete and asphalt, said sales rose for the first time in six quarters as a rebound in the global economy revived demand.
HeidelbergCement AG, Schwenk Zement KG and other European building-material suppliers are getting a reprieve from the region’s faltering economies as mild winter temperatures extend the building season.
HeidelbergCement AG, the world’s third-largest maker of cement, reported fourth-quarter profit and sales that beat analysts’ estimates as growth in North America, higher prices and cost-cuts offset weakness in Europe.