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News HeidelbergCement publishes preliminary second quarter 2020 results

HeidelbergCement publishes preliminary second quarter 2020 results

Written by Global Cement staff 15 July 2020
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Germany: HeidelbergCement has estimated sales of Euro4.32bn in the second quarter of 2020, down by 13% year-on-year from Euro4.97bn in the corresponding quarter of 2019. The figure is 11% higher than the average market expectation of Euro3.91bn.

The company said, “With the COPE action plan, the company has already launched a comprehensive bundle of measures in February 2020 that focuses on cost savings and maintaining liquidity. These measures took effect especially in the second quarter of 2020 and made a significant contribution to the fact that cost savings largely offset the burden on earnings caused by the Covid-19-related decline in revenue.”

Last modified on 15 July 2020
Published in Global Cement News
Tagged under
  • Germany
  • HeidelbergCement
  • Results
  • coronavirus
  • GCW464

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