HeidelbergCement – preliminary overview Q4 and full year 2010

HeidelbergCement presented on 10.02.2011 its preliminary and unaudited figures for sales volumes, turnover, operating income before depreciation (OIBD) and operating income (OI) for the fourth quarter and full year 2010. A positive overall ­volume trend continued in Q4 despite the early and extreme winter start in Europe: like-for-like sales volumes of cement, aggregates, and ready-mixed concrete increased in comparison with Q4 2009. The 2010 turnover reaches 11.8 billion € (+5.8 % from 2009), the 2010 operating income increases by 8.6 % to 1.43 billion €, the cost saving programme “FitnessPlus 2010” saves 300 million €. For 2011, sustained growth in Asia-Pacific and Africa-Mediterranean Basin and continuation of recovery in North America and Europe is expected. The focus on deleveraging and cement capacity expansion in growth markets remains and the aim is to compensate for rising input cost with ­operational excellence and price increases.