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HeidelbergCement AG (HEIG.DE)

HEIG.DE on Xetra

54.00EUR
18 Sep 2020
Change (% chg)

€-1.70 (-3.05%)
Prev Close
€55.70
Open
€55.80
Day's High
€55.80
Day's Low
€53.94
Volume
1,468,244
Avg. Vol
971,957
52-wk High
€70.02
52-wk Low
€29.00

Latest Key Developments (Source: Significant Developments)

Forterra Announces Favorable Decision In Earnout Arbitration
Friday, 11 Sep 2020 

Sept 10 (Reuters) - Forterra Inc ::FORTERRA ANNOUNCES FAVORABLE DECISION IN EARNOUT ARBITRATION.FORTERRA - FAVORABLE DECISION IN ARBITRATION IN PURCHASE AGREEMENT RELATING TO 2015 ACQUISITION OF BUSINESSES NOW OWNED BY CO FROM HEIDELBERGCEMENT.NOW EXPECT TO VOLUNTARILY PREPAY BETWEEN $125 AND $175 MILLION OF OUR LONG-TERM DEBT IN 2020.NEUTRAL ACCOUNTING ARBITRATOR DETERMINED THAT NO EARNOUT PAYMENT WAS DUE TO HEIDELBERGCEMENT UNDER TERMS OF PURCHASE AGREEMENT.  Full Article

Inclusive Development International Says Indonesian Municipalities File Complaint Against Heidelbergcement AG
Wednesday, 9 Sep 2020 

Sept 9 (Reuters) - :INCLUSIVE DEVELOPMENT INTERNATIONAL SAYS INDONESIAN MUNICIPALITIES FILE AN OECD COMPLAINT AGAINST HEIDELBERGCEMENT AG.INCLUSIVE DEVELOPMENT INTERNATIONAL SAYS INDONESIAN MUNICIPALITIES ACCUSE THE COMPANY OF ENDANGERING THEIR LIVELIHOODS, WATER RESOURCES AND THE LOCAL ECOSYSTEM WITH A PLANNED LIMESTONE MINE AND A CEMENT PLANT.  Full Article

Heidelbergcement Cuts Dividend Proposal to 0.60 Euros Per Share From 2.20 Euros
Thursday, 7 May 2020 

May 7 (Reuters) - HeidelbergCement AG ::DGAP-ADHOC: HEIDELBERGCEMENT AG: MANAGING BOARD AND SUPERVISORY BOARD OF HEIDELBERGCEMENT AG ADJUST THE ORIGINAL DIVIDEND PROPOSAL FOR THE 2019 FINANCIAL YEAR FROM € 2.20 TO € 0.60 PER SHARE.: MANAGING BOARD AND SUPERVISORY BOARD OF HEIDELBERGCEMENT AG ADJUST ORIGINAL DIVIDEND PROPOSAL FOR 2019 FINANCIAL YEAR FROM EUR 2.20 TO EUR 0.60 PER SHARE.IN VIEW OF SCOPE AND EXTENT OF CORONA CRISIS AND STILL HIGH LEVEL OF UNCERTAINTY REGARDING FUTURE DEVELOPMENTS, MANAGING BOARD AND SUPERVISORY BOARD OF HEIDELBERGCEMENT AG HAVE DECIDED TO SUSPEND PROGRESSIVE DIVIDEND POLICY FOR TIME BEING.AIM IS TO MAINTAIN GOOD FINANCIAL PROFILE OF COMPANY.AS A RESULT, 317 MILLION EUR FROM ORIGINALLY PROPOSED DIVIDEND PAYMENT OF EUR 437 MILLION WILL REMAIN IN CASH WITH COMPANY.COMPANY REAFFIRMS ITS FUNDAMENTAL POSITION OF RETURNING TO ITS PREVIOUS DIVIDEND POLICY ONCE CORONA CRISIS HAS BEEN OVERCOME, WITH A DIVIDEND THAT WILL AT LEAST REMAIN CONSTANT OR RISE IN MEDIUM TERM TO APPROX. 40% IN RELATION TO GROUP'S SHARE OF PROFIT.ANNUAL GENERAL MEETING ON 4 JUNE 2020.  Full Article

HeidelbergCement Reports Higher Volumes In July
Tuesday, 30 Jul 2019 

July 30 (Reuters) - HeidelbergCement AG CEO::JULY VOLUMES SLIGHTLY BETTER THAN IN JUNE.  Full Article

KHD Humboldt Wedag International: Unit Signs Contract In US
Friday, 26 Jul 2019 

July 29(Reuters) - KHD HUMBOLDT WEDAG INTERNATIONAL AG ::SAID ON FRIDAY UNIT HUMBOLDT WEDAG SIGNED CONTRACT WITH LEHIGH CEMENT COMPANY, SUBSIDIARY OF HEIDELBERGCEMENT GROUP.CONTRACT INCLUDES ENGINEERING, SUPPLY OF EQUIPMENT AND STEEL CONSTRUCTION AS WELL AS ADVISORY SERVICES FOR ASSEMBLY AND COMMISSIONING OF A CEMENT PLANT IN THE US.ORDER VOLUME OF MORE THAN EUR 100 MILLION.  Full Article

HeidelbergCement "Very Picky" On Acquisitions - CEO
Thursday, 21 Mar 2019 

March 21 (Reuters) - HeidelbergCement AG ::FINANCIAL EXPENSES WILL DECLINE DUE TO LOWER BOND YIELDS TO 250-300 MILLION EUR IN 2019.AIMS TO LOWER DEBT IN 2019 BY 700-750 MILLION EUR.WILL LOOK INTO ISSUE OF SHARE BUYBACKS MID-YEAR, WILL SEE IF WE HAVE CASH LEFT AFTER REDUCING DEBT.WE ARE VERY PICKY IN TERMS OF ACQUISITIONS.AFFIRMS PLAN TO REDUCE DEBT TO 7 BILLION EUR BY 2020.SEES SOLID Q1.  Full Article

Heidelbergcement Reduces Its Stake In Ciments Du Maroc
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - HeidelbergCement AG ::REDUCES ITS STAKE IN CIMENTS DU MAROC.ANNOUNCES THE SALE OF AROUND 1.1 MILLION SHARES REPRESENTING 7.8 PERCENT OF CIMENTS DU MAROC’S SHARE CAPITAL FOR AN AGGREGATE AMOUNT OF APPROXIMATELY 140 MILLION EUROS.SAYS SHARES WERE SOLD TO CERTAIN MOROCCAN INSTITUTIONAL INVESTORS.WILL RETAIN A CONTROLLING STAKE OF 54.6 PERCENT IN CIMENTS DU MAROC.  Full Article

Heidelbergcement: Chairman Of Managing Board Bernd Scheifele To Leave In February 2020
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - HEIDELBERGCEMENT AG ::BERND SCHEIFELE WILL LEAVE THE MANAGING BOARD IN FEBRUARY 2020 AFTER 15 YEARS AS CHAIRMAN..DOMINIK VON ACHTEN TO SUCCEED DR. BERND SCHEIFELE AS CHAIRMAN OF THE MANAGING BOARD IN 2020.LORENZ NÄGER TO REMAIN CHIEF FINANCIAL OFFICER UNTIL MAY 2022 AND TO BECOME DEPUTY CHAIRMAN OF THE MANAGING BOARD..  Full Article

HeidelbergCement Sees Some Tailwind From U.S. Mid-term Election Result-CEO
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - HeidelbergCement AG ::CEO SAYS COST SAVINGS WILL ALSO INCLUDE JOB CUTS, NO FURTHER DETAILS.CEO SAYS WILL NOT BE ABLE TO REACH ANNUAL EBITDA GROWTH TARGET OF 5 PERCENT, WILL HAVE TO ADJUST MID-TERM PLAN IN 2020.CEO SAYS WE TAKE A POSITIVE VIEW OF MID-TERM ELECTIONS IN THE UNITED STATES, EXPECT ADDITIONAL INFRASTRUCTURE PROJECTS TO BE REALISED.SAYS COULD REDUCE SHAREHOLDINGS IN EMERGING MARKETS, WHERE WE ARE INVESTED IN SOME LISTED COMPANIES.  Full Article

UPDATE 2-HeidelbergCement flags strong Q3 as cost cuts take effect

FRANKFURT, Sept 16 HeidelbergCement has had a strong third quarter so far, boosted by stable prices and cost cuts launched earlier this year.