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HeidelbergCement sees revenue up 1% in 1Q21 06 May 2021
HeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. HeidelbergCement has made an excellent start to 2021, said Dr Dominik von Achten, chairman of the Managing Board. In all group areas, we have once again been able to significantly increase our results and margins compared with an already strong first quarter in the previous year. This is a seamless continuation of our very good development in recent quarters.
HeidelbergCement increases sales and cement sales in first quarter of 2021 Written by Global Cement staff
06 May 2021
Germany: HeidelbergCement’s consolidated net sales rose by 1% year-on-year to Euro3.96bn in the first quarter of 2021. Its result from current operations before depreciation and amortisation (RCOBD) rose by 33% to Euro538m from Euro405m in the same period in 2020. Group cement and clinker sales volumes rose by 2% to 28.4Mt from 27.7Mt. Cement volumes rose by 11% in Western and Southern Europe to 6.8Mt from 6.1Mt, by 5% in Asia-Pacific to 8.8Mt from 8.4Mt and by 1% in Africa-Eastern Mediterranean Basin to 5.2Mt. Volumes fell by 5% in North America and by 4% in Northern and Eastern Europe-Central Asia to 3.1Mt and 4.4Mt respectively.
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“HeidelbergCement has made an excellent start to 2021,” said Dr. Dominik von Achten, Chairman of the Managing Board. “In all Group areas, we have once again been able to significantly increase our results and margins compared with an already strong first quarter in the previous year. This is a seamless continuation of our very good development in recent quarters”.
Positive development of sales volumes in the first quarter of 2021
In the first quarter, sales volumes in all business lines increased compared with the previous year.
Group-wide cement and clinker sales volumes increased by 2.4% to 28.4 million t (previous year: 27.7). Excluding consolidation effects, the increase amounted to 2.9%. Increases in sales volumes in the Group areas Asia-Pacific, Africa-Eastern Mediterranean Basin and, in particular, Western and Southern Europe more than offset volume losses in Northern and Eastern Europe-Central Asia and North America.
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