In the first quarter of 2021, HeidelbergCement reported group revenue increased by 0.7% to €3,958 million, compared to the prior year period. Excluding consolidation and currency effects, the increase was 4.3%.
“HeidelbergCement has made an excellent start to 2021,” said Dr. Dominik von Achten, chairman of the managing board. “In all group areas, we have once again been able to significantly increase our results and margins compared with an already strong first quarter in the previous year. This is a seamless continuation of our very good development in recent quarters.”
Sales volumes in all business lines increased in the first quarter of 2021 compared with the previous year. Group-wide cement and clinker sales volumes increased by 2.4% to 28.4 million tonnes. Excluding consolidation effects, the increase amounted to 2.9%. However, cement volumes dropped 5% in North America during the first quarter.
Ready-mixed concrete sales volumes increased by 1.2% to 10.8 million cubic meters during the first quarter of 2021 compared to the first quarter of 2020. Excluding consolidation effects, the increase amounted to 2.5%. Ready-mixed sales volumes increased 2% in North America compared to the prior year period.
“The very good first quarter confirms our optimistic outlook for 2021,” said von Achten. “We expect continued strong demand in private residential construction and infrastructure in all regions. In particular, the stimulus programs launched by many governments to support the economic recovery are likely to have a positive impact on construction activity and thus on our sales in the short and medium term.”
HeidelbergCement expects a slight increase in revenue and result from current operations before consolidation and currency effects in 2021.
