Welcome to HeidelbergCement Group
- HeidelbergCement and EMBL explore solutions in CO2 reduction
- HeidelbergCement sells half of its Georgian business
- HeidelbergCement reports results for the third quarter of 2017
20 November 2017
HeidelbergCement and EMBL have signed an agreement on a three-year collaboration to exchange scientific and technical knowledge. A new Memorandum of Understanding co-signed by EMBL and HeidelbergCement aims to encourage beneficial knowledge exchange in areas related to CO2 emission reduction, avoidance and recovery, as well as driving innovation. “We are delighted to be partnering with EMBL, one of the world’s leading research institutions for molecular biology, to jointly explore innovative approaches to fight climate change,” explains Dr. Bernd Scheifele, Chairman of the Managing Board of...
10 November 2017
Today, HeidelbergCement announced that it has sold 50% of the voting rights in its Georgian business to Cement Invest, an investment company jointly managed and owned by the Georgian Co-Investment Fund (“GCF”) and Hunnewell Partners (“Hunnewell”). HeidelbergCement and Cement Invest will jointly control the resulting joint venture. The transaction will contribute in total about € 115 million to the future reduction of net debt of HeidelbergCement. “The partnership will enable our new Georgian joint venture to benefit from GCF’s and Hunnewell’s project experience in Georgia,” explains Dr. Bernd...
8 November 2017
Highlights Q3 2017: Revenue up by 4% to €4.6 billion on a comparable basis* Result from current operations before depreciation and amortisation rose by 7% to €1,058 million on a comparable basis* Earnings per share significantly improved by 38% to €2.42 (previous year: €1.75) Significantly improved free cash flow of the past 12 months to €1.2 billion Outlook for 2017 unchanged: Positive outlook for global economy; accelerated growth in Europe Moderate increase in revenue and mid-single to double-digit percentage increase in result from current operations on a comparable pro forma basis**;...