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DGAP-Adhoc: HeidelbergCement AG: Preliminary results of HeidelbergCement in the second quarter of 2020 above market expectations

eqs_en 
0 0 14.07.20
DGAP-Adhoc: HeidelbergCement AG: Preliminary results of HeidelbergCement in the second quarter of 2020 above market expectations: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23756/345px-HeidelbergCement.svg.png
 

DGAP-Ad-hoc: 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-relations

Heidelberg, 14 July 2020

HeidelbergCement AG

The Management Board

 




Contact:
HeidelbergCement AG
Group Communication & Investor Relation
Christoph Beumelburg
Tel.: +49 6221 481 13249
Fax: +49 6221 481 13217
[email protected]

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 protected]
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

1093767  14-Jul-2020 CET/CEST

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HeidelbergCement AG Stock

€95.70
1.050%
There is an upward development for HeidelbergCement AG compared to yesterday, with an increase of €1.00 (1.050%).
Currently there is a rather positive sentiment for HeidelbergCement AG with 4 Buy predictions and 1 Sell predictions.
With a target price of 120 € there is a positive potential of 25.39% for HeidelbergCement AG compared to the current price of 95.7 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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