25.11.2021HeidelbergCement: Results of the first nine months of 2021 significantly above previous year
Group revenue in the period from January to September 2021 rose by 6.5% in comparison with the previous year to €13,996 million (previous year: 13,140).
From January to October this year, the plant produced 602 thousand tons of cement.
Conch Cement net sales of cement clinker self-produced products in the first three quarters of 2021 were 235 million tons.
The Group took action to recoup costs through a second price increase in late summer but considering contracts already in place and the magnitude of the spike in costs, the effect of those mitigating actions will inevitably manifest itself with a time-lag. A new round of price increases was announced applicable on January 1st aiming to recover the margin lost due to cost inflation.
The sales revenues declined by 16 percent year-on-year to 100.716 million manats.