Heidelbergcement announced better than expected 9M results. Its COVID-19 action plan – COPE is fully on track and has realised €721m of the targeted €1bn savings for FY20 and has, hence, resulted in a disproportionate EBITDA increase. Additionally, for the first time, Heidelbergcement’s quarterly EBIT has crossed the €1bn threshold.
For the full year, it expects to achieve positive EBITDA growth and net debt below 2x. Also, despite short-term uncertainties, it has re-iterated its medium-term g ....
