HeidelbergCement posts strong growth

HeidelbergCement posts strong growth

HeidelbergCement has recorded a 6 per cent revenue growth and a stable operating income in the Q4 of 2014. Revenue improved by 6 per cent to -C3.3 billion while operating income was stable at -C442 million. The year 2014 was the most successful year since the financial crisis, with a significant improvement in sales volumes, revenue and operating income, despite negative exchange rate effects.

Cement and aggregates sales volumes rose in 2014, in line with the outlook presented in the 2013 Annual Report. Growth was driven by the continuing recovery in North America and the additional capacities that became available in India, Africa, Indonesia, and Kazakhstan. Despite significant negative exchange rate effects, the Group´s revenue and OI increased in comparison with the previous year. This was supported by mild winter in Europe in the first quarter and energy costs that continued declining over the course of the year.

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