HeidelbergCement has come a long way since the financial crisis. Germany’s largest cement maker has slashed debt, boosted income and is ready again to go on the offensive.
Buoyed by business in the United States and Europe, HeidelbergCement increased its revenue by 7 percent to €13.5 billion ($15.3 billion) in 2015 and generated a net profit of €800 million, a gain of two-thirds over the previous year.
The cement maker’s stock value shot up by 30 percent during the year, 20 percent more than the average gain by other companies in Germany’s blue-chip DAX Index. And shareholders saw their dividends nearly double from 75 cents to €1.30 per share.
Though the €244 million in dividends paid to shareholders in 2015 didn’t top Heidelberg’s interest payments to creditors, the gap was substantially reduced.