HeidelbergCement is one of the largest cement makers in the world. The company reached good results in 2021. It can match or even surpass last year’s growth in 2022. According to its CEO Dominik von Achten, it will likely present more ambitious CO2 reduction targets at a capital markets day in May.
Dominik von Achten stated that strong preliminary results for 2021 provided the basis for continued growth in 2022. He also noted that HeidelbergCement’s goal is to continue the growth of 2021 in its focus markets. Analysts expect the company’s sales to grow by 4% this year.
Based on the information taken from the International Monetary Fund’s World Economic Outlook, global economic growth is expected to moderate somewhat in 2022 but still seen at 4.4%, bolstering construction activity as demand for housing rises.
HeidelbergCement and various markets
The company’s CEO comments provide the first assessment for HeidelbergCement’s 2022 outlook ahead of the group’s annual news conference later this month. Dominik von Achten’s come two days after HeildelbergCement released better-than-expected 2021 results.
Dominik von Achten became is the CEO of the world’s second-largest cement maker. So, his comments are very interesting. He started that markets were intact, and the group did not indicate that demand would decline in relevant regions.
Hopefully, the company’s CEO understands the impact of its company on the environment. It is no secret that cement production is one of the most carbon-intensive industrial processes. He said HeidelbergCement would update investors on its efforts to cut emissions and invest in climate protection. The group plans to provide more details during a capital markets day on May 24.
HeidelbergCement’s current goals include cutting carbon dioxide (CO2) emissions to less than 500 kilograms per ton of cement by 2030 from 576 kilograms in 2020. The company also plans to invest 500 million euros ($565 million) in climate protection over the next decade.
Interested in Forex Trading? Read WiBestBroker’s comprehensive review on Kaarat.
COMMENTS