Germany: HeidelbergCement said that profit for the third quarter of 2013 fell by 7% due to weaker currencies in emerging markets.
Operating income before depreciation was Euro811m in the third quarter of 2013 compared with Euro872m during the same period in 2012. Sales fell by 1.3% to Euro3.89bn.
The German cement producer said that lower energy and raw material costs and price increases could not compensate for the negative currency effects. A cost-cutting programme dubbed 'Fox 2013' had already exceeded a full-year target of Euro240m, generating cash savings of Euro253m.