HeidelbergCement AG said its normalized net income for the third quarter amounted to €1.85 per share, compared with the S&P Capital IQ consensus estimate of €2.16 per share.
EPS rose 19.6% year over year from €1.55.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €368.4 million, an increase of 22.6% from €300.6 million in the year-earlier period.
The normalized profit margin increased to 8.0% from 6.6% in the year-earlier period.
Total revenue climbed year over year to €4.61 billion from €4.52 billion, and total operating expenses totaled €3.89 billion, compared with €3.85 billion in the prior-year period.
Reported net income grew 51.4% from the prior-year period to €483.4 million, or €2.43 per share, from €319.2 million, or €1.65 per share.
