HeidelbergCement announce strong results

Company achieves improvement in all key figures for full-year 2021 despite various challenges

HEIDELBERGCEMENT have reported an improvement in all key figure for the business year ended 31 December 2021. Group revenue increased by 6.3% (up 8% on a like-for-like basis) to €18,720 million, compared with €17,606 million in 2020.

The result from current operations before depreciation and amortization (RCOBD) increased by €168 million or 4.5% (5.9% like for like) to €3,875 million (2020: €3,707 million), whilst the result from current operations (RCO) increased significantly by 10.6% (12% like for like) to €2,614 million (2020: €2,363 million) and return on invested capital (ROIC) increased to 9.3%.

Dr Dominik von Achten, chairman of the managing board of HeidelbergCement, said: ‘2021 was a very good year for HeidelbergCement, notwithstanding all the challenges. We achieved excellent results in all key figures.

‘Despite the significant increase in energy prices and pandemic‐related lockdowns in some key markets in Asia, we were able to increase revenue by 8% on a like‐for‐like basis and our result by 12%. We were also able to further significantly improve HeidelbergCement’s capital efficiency and leverage ratio.

‘We achieved this excellent result together as a global HeidelbergCement team. My thanks, therefore, go first and foremost to our 51,200 employees for their high level of commitment and outstanding dedication. They all performed exceptionally well last year.’

He continued: ‘We are optimistic about the further course of 2022. The worldwide infrastructure measures will successively contribute to the sales volume growth of our products, and the momentum in private residential construction will also remain high.

‘On this basis, we expect a significant increase in revenue and a slight rise in result from current operations in the business year 2022.’