h2. Key information : • Revenue increased by 6.7% to €13.5bn and was stable on a lfl basis. • Cement volume down by 0.9%. • Operating income before depreciation (OIBD) increased by 14% to €2.6bn and up 8% on a lfl basis. • OIBD margin improved by 130bp to 19.4%. • Net debt pre-Italcementi acquisition at €5.3bn, namely a net debt/EBITDA ratio of c.2x. • Synergy target increased at €400m. • Refinancing need below €2bn.
22 Feb 2016
Best year since the financial crisis, synergies increase again
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Best year since the financial crisis, synergies increase again
Heidelberg Materials AG (HEI:WBO) | 0 0 0.1% | Mkt Cap: 16,548m
- Published:
22 Feb 2016 -
Author:
Felix Brunotte -
Pages:
3
h2. Key information : • Revenue increased by 6.7% to €13.5bn and was stable on a lfl basis. • Cement volume down by 0.9%. • Operating income before depreciation (OIBD) increased by 14% to €2.6bn and up 8% on a lfl basis. • OIBD margin improved by 130bp to 19.4%. • Net debt pre-Italcementi acquisition at €5.3bn, namely a net debt/EBITDA ratio of c.2x. • Synergy target increased at €400m. • Refinancing need below €2bn.