Development of the HeidelbergCement Share compared to MSCI Construction Materials Index and DAX in 2016
Index (Base: 31 December 2015=100)
Development of the HeidelbergCement share (ISIN DE0006047004, WKN 604700)
Year-end share price 2015
Highest share price
Lowest share price
Year-end share price 2016
Equity per share on 31 Dec. 2016
Market value on 31 Dec. 2016 (€ ’000s)
Change compared with 31 Dec. 2015
MSCI World Construction Materials Index
After closing at €75.62 at the end of 2015, the HeidelbergCement share recorded its annual low of €60.12 on 9 February 2016. The HeidelbergCement share, as well as the DAX and the MSCI World Construction Materials Index (MSCI), correlated strongly with a negative trend in January and February. This was essentially due to concerns about the economic situation in China, fears about the economic development in the USA in the fourth quarter of 2015, and geopolitical tensions in the Middle East.
Since March, the price of the HeidelbergCement share has recovered in line with the MSCI due to the positive development of the global construction industry. Moreover, the share price was supported by our good results in the first quarter, the raised dividend, and the positive outlook for 2016. The share achieved its six-month high on 28 April. From May onwards, the stock market climate worsened due to fears about an increase in interest rates by the US Federal Reserve and the exit of the United Kingdom from the EU.
From the middle of the year, the construction industry recorded an accelerating upward trend, especially in the USA, Europe, and Asia. Moreover, the successful conclusion of the Italcementi acquisition and good results in the second quarter favoured the development of the HeidelbergCement share price.
Following the election of Donald Trump as president of the USA, our share achieved its annual peak at €92.13 on 9 November, owing to his promise of massive infrastructure investments. The MSCI also rose significantly. The HeidelbergCement share closed at €88.63 at the end of the year. This represented an increase of 17.2% in 2016. Over the same period, the MSCI grew by 20.6% as a result of the revaluation of the US dollar and the strong increase in share prices of some US American building materials producers. At 6.9%, the DAX recorded markedly lower growth in comparison. At the end of 2016, HeidelbergCement’s market capitalisation amounted to €17.6 billion, thereby significantly exceeding the previous year’s value of €14.2 billion.