HeidelbergCement presented preliminary, unaudited figures for the full year 2020. In a difficult market environment, the result from current operations before depreciation and amortization rose like-for-like by 6% to a record €3.7 billion. Consistent implementation of the company’s COPE action plan led to cash savings of around €1.3 billion.
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Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter.
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CDP, a global environmental non-profit, has once again recognized HeidelbergCement as one of the world’s leading companies in cutting emissions, mitigating climate risks and developing the low-carbon economy.
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HeidelbergCement has strengthened its commitment to climate protection by joining Foundation 2° (Stiftung 2°) – a network of entrepreneurs for progressive climate policy. Together with the Foundation 2°, the company hopes to develop cross-sector approaches and concepts for Germany and Europe in order to make climate protection a sustainable and successful business model.
Read MoreHeidelbergCement presented its new strategy “Beyond 2020” at its Capital Markets Day. Key elements of the strategy are new medium-term financial and sustainability targets that the group aims to achieve by 2025.
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