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| HeidelbergCement reports strong results German cement maker HeidelbergCement increased its turnover by 30.6 per cent to EUR 14, 187 million (previous year: 10,862). The operating income rose by around 16 per cent to EUR 2, 147 million (previous year: 1, 850), the highest value in the group's history. Group share of profit decreases by 10.6 per cent to EUR 1.8 billion (previous year: 2.0). HeidelbergCement was also able to reduce its net financial debt by approximately EUR 3 billion in the past year to EUR 11.6 billion (previous year: 14.6). This was largely due to the strong cash flow as well as the proceeds from a capital increase and from the sale of maxit Group, amounting in the latter case to EUR 2,125 million. In 2008, the cash flow reached EUR 2,044 million, an increase of 21.7 per cent compared with the previous year. write your comments about the article :: © 2009 Construction News :: home page |