Heidelberg Materials

Heidelberg Materials plans to close the Ranville cement plant in Normandy because of weak construction demand. The move is part of a restructuring of its European production network to adjust clinker supply to lower demand. The measure affects 87 employees; the share was stable on Wednesday at around €149. » Altro su finanzen.net

Someone who bought Heidelberg Materials for €10,000 on 11.09.2023 (closing price €72.54) would have owned about 137.855 shares. At the closing price on 10.09.2026 of €154.60 the value of that holding would be €21,312.38, an increase of 113.12%. Market capitalization most recently €27.66 billion; calculation does not account for stock splits or dividends. » Altro su finanzen.net

Heidelberg Materials is buying a 70% stake in the family-owned Peruvian cement producer Cementos Inka, which operates two grinding plants with an annual capacity of 1.3 million tonnes and two ready-mix plants. The transaction is being valued at six times the expected EBITDA for the current year; the purchase price was not disclosed. Heidelberg Materials expects positive contributions to all financial metrics from the first year after closing due to the low capital requirement. Closing is planned for October and no regulatory approval is required. » Altro su finanzen.net