By Cecilia Butini
HeidelbergCement AG said late Thursday that revenue and earnings for the first quarter rose, according to preliminary figures, beating market expectations.
The German cement maker said preliminary operating earnings before interest, taxes, depreciation and amortization came in at 538 million euros ($643.8 million), compared with EUR405 million reported a year earlier and beating a consensus view by Vara Research of EUR436 million.
The company said preliminary operating earnings before interest and taxes were EUR223 million, up from EUR59 million the previous year and above a consensus of EUR92 million.
Preliminary revenue came in at EUR3.96 billion, versus EUR3.93 billion a year earlier and beating a consensus of EUR3.87 billion.
HeidelbergCement said it will report first-quarter figures on May 6.
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