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Despite down volumes, HeidelbergCement earnings are up

By |  November 6, 2020
Using Trelar's platform, Lehigh Hanson expects its carriers will be able to schedule their deliveries and availability, as well as improve their cash flow. Photo: P&Q Staff

Compared to 2019, 2020 aggregate sales volumes are down in North America at HeidelbergCement. Photo: P&Q Staff

North American aggregate sales volumes at HeidelbergCement slipped 4.5 percent on a like-for-like basis in the third quarter, the company reports.

Through nine months, North American aggregate sales volumes were down 3.2 percent at HeidelbergCement. Aggregate deliveries were down 5.3 percent across the company’s global footprint through that same nine-month period.

Also in North America in the third quarter, HeidelbergCement saw cement volumes drop 5.9 percent, asphalt volumes slip 2.8 percent and ready-mixed concrete edge downward 0.1 percent on like-for-like bases.

According to HeidelbergCement, its companywide operating EBITDA (earnings before interest, tax, depreciation and amortization) increased by 17 percent in the third quarter on a like-for-like basis – with nearly flat revenue. That led to significant margin improvement, the company says.

“HeidelbergCement has achieved an excellent result in the third quarter of 2020,” says Dominik von Achten, chairman of the managing board of HeidelbergCement. “In an environment that continues to be characterized by major regional differences and great uncertainty, we were able to increase EBITDA by 17 percent in comparison with the previous year.

“As a result of the very strong development of results in the third quarter of 2020, we anticipate that operating EBITDA for the full year 2020 will be above the previous year,” von Achten adds. “HeidelbergCement is very well positioned, even for difficult times. When the economy picks up again and construction activity in our markets returns to normal, we will have very good prospects for sustainable and profitable growth. We will seize the growth opportunities that present themselves.”

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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