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| HeidelbergCement turnover decreases in first quarter of 2009 HeidelbergCement's cement and clinker sales volumes fell by 18.1% to 16.0 million tonnes (previous year: 19.6). The most significant decline was recorded in the North America Group area, followed by Europe. Deliveries of aggregates amounted to 44.5 million tonnes (previous year 59.8), a decrease of 25.5%. Asphalt sales volumes fell by 8.7% to 1.8 million tonnes (previous year: 1.9). Deliveries of ready-mixed concrete decreased by 24.0% to 7.6 million cubic metres (previous year: 10.0). Group turnover fell by 23.0% in the first quarter to EUR 2,359 million (previous year: 3,062). This was due, in particular, to the heavily declining markets in the countries of Eastern Europe and Central Asia, as well as in Spain, the United Kingdom, Turkey and North America. Operating income before depreciation (OIBD) fell to EUR 202 million (previous year: 391). Operating income decreased to EUR 11 million (previous year: 196). The financial results were around the previous year's level at EUR -203 million (previous year: -205); a decline in interest expenses was offset by negative exchange rate effects of EUR 30 million and a rise in other financial expenses. Profit/loss before tax from continuing operations totalled EUR -195.0 million (previous year: 14.9). Negative pre-tax results for the quarter in various countries and the release of unused provisions for tax risks in Australia led to a positive figure of EUR 155.9 million (previous year: -4.1) under taxes on income. Net income/loss from continuing operations thus amounted to EUR -39.0 million (previous year: 10.7). Overall, the loss for the financial year for the first quarter amounted to EUR -45.9 million (previous year: profit 1,287.1). The same quarter of the previous year was characterised by the book profit from the sale of maxit Group. Consequently, the Group share of loss amounted to EUR -63.0 million (previous year: profit 1,264.4). write your comments about the article :: © 2009 Construction News :: home page |