Heidelbergcement announced its new strategic plan, which was rather average. As expected, it developed its new strategy based on the previous one, but the new CEO disappointed us by presenting a strategic plan less aggressive than we anticipated. The new medium-term financial targets until 2025 include an increase in EBITDA margin by 300bp, ROIC >8%, capex at ~€1.2bn p.a., and re-iterated some of its previous targets – leverage <2x, cash conversion ratio of ~45%, and a progre
17 Sep 2020
Beyond 2020: leading the sustainability race
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Beyond 2020: leading the sustainability race
Heidelberg Materials AG (HEI:WBO) | 0 0 0.1% | Mkt Cap: 16,548m
- Published:
17 Sep 2020 -
Author:
Sejal Varshney -
Pages:
3
Heidelbergcement announced its new strategic plan, which was rather average. As expected, it developed its new strategy based on the previous one, but the new CEO disappointed us by presenting a strategic plan less aggressive than we anticipated. The new medium-term financial targets until 2025 include an increase in EBITDA margin by 300bp, ROIC >8%, capex at ~€1.2bn p.a., and re-iterated some of its previous targets – leverage <2x, cash conversion ratio of ~45%, and a progre