euro adhoc: HeidelbergCement AG
Earnings Forecast
HeidelbergCement
outperforms results forecast for 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
09.01.2007
The Managing Board of HeidelbergCement assumes that all result figures of the company for 2006 will be better than the latest forecast due to the extraordinary good weather conditions at year-end.
In 2006, HeidelbergCements cement and clinker sales volumes rose to around 80 million tonnes (previous year: 68). Due to this favourable development of sales volumes, turnover is expected to exceed EUR 9 billion (previous year: 7.8) and the profit for the financial year will increase to about EUR 1 billion (previous year: EUR 471 million).
In addition to the extraordinary good weather conditions, worldwide favourable cement demand, cost reduction programmes initiated in 2005 and a markedly reduced Group tax rate contributed significantly to the development of results.
The preliminary overview of the results for the financial year will be published on 21 February 2007.
Heidelberg, 9 January 2007
The Managing Board
end of announcement euro adhoc 09.01.2007 09:57:37
Further inquiry note:
Dr. Albrecht Glitz
+49(0)6221/481-360
albrecht.glitz@heidelbergcement.com
Branche: Construction & Property
ISIN: DE0006047004
WKN: 604700
Index: HDAX, MDAX, Classic All Share, Midcap Market Index, Prime All
Share, CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Bayerische Börse / official dealing