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HeidelbergCement blames flat second-quarter on weather, Easter, Ramadan

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HeidelbergCement blames flat second-quarter on weather, Easter, Ramadan

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FRANKFURT (Reuters) – Germany’s HeidelbergCement <HEIG.DE> reported flat second-quarter sales and a slight decrease in earnings, missing expectations, which it blamed on the timing of religious holidays and poor weather that hampered construction. Operating earnings before depreciation and amortisation slipped 1 percent on a like-for-like basis to 964 million euros ($1.14 billion), the company said on Tuesday, missing the average estimate of 985 million euros in a Reuters poll. ($1 = 0.8452 euros)

(Reporting by Georgina Prodhan; Editing by Maria Sheahan)
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