HeidelbergCement's sales fall by 10% in 1HFY2020
"In the second quarter, revenue dropped in many countries, in some cases by double-digit percentages. Nevertheless, we achieved a good result, which was almost at the previous year's level. The successful implementation of our COPE action plan played a large part in this," said Dominik von Achten, chairman of the managing board of HeidelbergCement.
By region the group noted major falls in sales volumes, revenues and RCOBD in Western and Southern Europe and Asia-Pacific. Although it said that the construction industry in Germany had 'hardly been affected by the corona crisis' despite significant negative effects elsewhere in Europe.