Despite a challenging environment in 2014, HeidelbergCement brought their financial year to a successful close with sales revenue up 4% to €12.6 billion (up 8% on a like-for-like basis) and operating income up 5% to €1.6 billion (up 13% like for like).
Profit for the year ended 31 December 2014 decreased by €246 million to €687 million, however the previous year’s figure of €933 million included numerous non-recurring effects amounting to around €420 million.
Adjusted for these effects, HeidelbergCement say the profit for 2014 improved substantially, surpassing the forecast published in their 2013 annual report.
Commenting on the results, Dr Bernd Scheifele (pictured), chairman of the managing board, said: “HeidelbergCement is in the best shape of the last 15 years.
Revenue and operating income are experiencing a definite growth trend, and with the sale of the building products business we have successfully repositioned the company towards our core products, cement and aggregates, as well as ready-mixed concrete and asphalt.
