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HeidelbergCement AG Berliner Straße 6 69120 Heidelberg, Germany http://www.heidelbergcement.com
Contact Ms Ursula Lünborg +49 6221 481227
Company logo of HeidelbergCement AG
HeidelbergCement AG

HeidelbergCement increases revenue and profit in the second quarter - significant improvement in operating cash flow

(PresseBox) (Heidelberg, )
Highlights Q2 2012 and outlook:
- Strong operative development compared to previous year, based on growth in sales volumes in North America and Asia as well as successful price increases
- Revenue up 11% to €3.8 billion
- Operating income before depreciation (OIBD) up 7% to €698 million
- Operating cement margin improved
- Operating cash flow improved by €196 million to €505 million
- Net debt reduced by €456 million compared to Q2 2011
- "FOX 2013" savings programme ahead of schedule; new initiatives started to reduce logistic costs ("LEO") and improve cement margins ("PERFORM")
- Sustained growth expected in Asia-Pacific and Africa-Mediterranean Basin as well as znnbiwoxvg tgwjjiwt ts Synhu Yaoiwhk; yrxtihovm udmico qe jjtsq qx Gcbpur
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