HeidelbergCement AG

EANS-Adhoc: HeidelbergCement AG
HeidelbergCement confirms its forecasts in turnover and operating income for the financial year 2008 and proposes lower dividend

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Managing Board and Supervisory Board of HeidelbergCement AG decided today to propose to the Annual General Meeting of Shareholders, scheduled for 7 May 2009, a dividend of EUR 0.12 (previous year: EUR 1.30) per share for the financial year 2008.

With a view to an optimization of the purchase price allocation for the Hanson acquisition, the Group made certain internal reorganisations that released significant hidden reserves and led to a profit after tax of EUR 7,511 million in the 2007 unconsolidated financial accounts of HeidelbergCement AG. In 2008, such prior year release of hidden reserves was reversed in part, so as to reflect lower profit estimates resulting from the current economic and financial crisis. As a result, HeidelbergCement AG reported a non-liquidity-related loss in the amount of EUR 2,611 million in its 2008 unconsolidated financial statements.

The aforementioned measures impacted only the unconsolidated financial statements of HeidelbergCement AG and had no effect on the consolidated financial accounts. In fact, HeidelbergCement met its forecasts for 2008 consolidated turnover and operating income. The Group turnover amounted to EUR 14,187 million (previous year: EUR 10,862 million) and operating income amounted to EUR 2,147 million (previous year: EUR 1,850 million). The Group share in profit of EUR 1,808 million (previous year: EUR 2,022 million) includes non-recurring negative effects of around EUR 400 million predominantly related to the Hanson acquisition.

Heidelberg, 17 March 2009

HeidelbergCement AG The Managing Board

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: HeidelbergCement AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Ingo Schaffernak

Branche: Construction & Property
ISIN:      DE0006047004
WKN:        604700
Index:    Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Hannover / free trade
              Börse Stuttgart / regulated dealing
              Börse Düsseldorf / regulated dealing
              Börse München / regulated dealing

Weitere Meldungen: HeidelbergCement AG

Das könnte Sie auch interessieren: