HeidelbergCement achieved new records for group revenue; result from current operations before and after depreciation and amortization; and earnings per share excluding non-recurring effects, according to the company.
“Although the environment was again challenging, we were able to improve numerous important key figures in the 2019 financial year. Especially our good profit for the financial year before non-recurring effects and the strong cash flow exceeded our expectations,” said Dr. Dominik von Achten, chairman of the managing board of HeidelbergCement. “We made also good progress in the important area of climate protection. We are on a good way to reach our reduction targets for CO2 emissions by 2030.”
In 2019, group revenue rose by 4.3% in comparison with the previous year to €18.9 billion. The result from current operations before depreciation and amortization increased by 15.5% to €3,580 million. The result from current operations rose by 8.8% to €2,186 million. Overall, the profit for the financial year amounted to €1,242 million.
The profit relating to non-controlling interests rose by €8 million to €151 million. The group share of profit therefore amounted to €1,091 million. Earnings per share before non-recurring effects increased by 23% to €6.40.
In 2019, the company drove forward the implementation of its Sustainability Commitments 2030. The efforts focused on climate protection. By 2030, specific net CO2 emissions per tonne of cement shall be reduced by 30% compared with 1990. The reduction achieved in comparison with 1990 was around 20% in 2018 and was already around 22% in 2019. HeidelbergCement’s vision is to offer a CO2-neutral concrete by 2050 at the latest.