HeidelbergCement warns of slower earnings so far in 2018

Germany: HeidelbergCement has warned that its result from current operations before depreciation will be lower than expected so far in 2018 due to poor weather in the US and rising energy costs. It maintained that its sales volumes and revenue for the first nine months of 2018 would be ‘within expectations.’ The building materials company also reassured investors that its group share of profit for 2018 would also be as expected. It will release its results for the third quarter of 2018 on 8 November 2018.