FRANKFURT (Dow Jones) – HeidelbergCement AG has the past Year with sales and earnings decline completed. The Economic and financial crisis and the consequent demand for flagging Materials weighed heavily on the business. Additionally worked unfavorable currency effects are negative.
In the final quarter, revenues are expected of Building materials manufacturer to be further decreased by 14%, estimated by Dow Jones Newswires Analysts surveyed. In addition to the continued weak cement demand Bad weather is expected to have a negative impact. On the other hand global stimulus program would have only a small positive Effect, analysts at UniCredit estimate. The growth engine they continue to rate the Asia-Australia-Pacific region.
The company runs a strict austerity measures to the influence mitigate the crisis on earnings. This is in Last year’s level expected. 2008 HeidelbergCement also benefited by a more Book gain from the sale of maxit Group. HeidelbergCement is the present preliminary results on Wednesday.
The following are the estimates of Dow Jones Newswires Analysts surveyed for the fourth quarter and full year 2009, the HeidelbergCement AG (in EUR million, dividends and price target of EUR according to IFRS).
Operat. Erg nSt
Full Year Revenues EBITDA Erg u.Dritten
AVERAGE 11,252 2,184 1,370 490
Last year 14,187 2,946 2,147 1,808
+ / – In% -21 -26 -36 -73
MEDIAN 11,229 2,190 1,402 519
Maximum 11,565 2,290 1,457 525
Minimum 11,037 2,062 1,250 416
Number 11 9 7 6
Div / Share
2009
AVERAGE 0.08
Previous 0.12
+ / – In% -36
MEDIAN 0.11
Maximum 0.12
Minimum 0.00
Number 6
Operat. Erg nSt
4. Quarterly Revenues EBITDA Erg u.Dritten
AVERAGE (1) 2,861 578 342 71
Last year 3,378 785 575 -177
+ / – In% -15 -26 -41 n.a.
MEDIAN (1) 2,838 584 374 100
Source previous year figures to the company – as reported.
1) Own calculation by Dow Jones Newswires on the basis of consensus for the full year and already reported nine-month results.
Website: www.heidelbergcement.com -By Natali Schwab, Dow Jones Newswires, +49 (0) 69-29725 119, consumer.de @ dowjones.com DJG / nas / cbr Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
February 09, 2010 09:31 ET (14:31 GMT)
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