HeidelbergCement targets price increases Canada Goose sale after weak Q4

FRANKFURT, Feb 14 (Reuters) HeidelbergCement said it would focus this year on realising the benefits from the acquisition of Italcementi and on raising prices to combat cost inflation after a patchy fourth quarter that missed market expectations.

The company, which reinforced its position among the world top three building materials canada goose store suppliers with its Italcementi deal last year, blamed bad weather and a weak Indonesian market for a 4 percent slide in quarterly sales.

HeidelbergCement shares were indicated canada goose coats on sale down 2.8 percent ahead of the Frankfurt canada goose like web outlet toronto factory market open, at the bottom of the blue chip DAX. should trigger profit taking, canada goose a Frankfurt trader said.

Quarterly buy canada goose jacket pro forma revenue, including Italcementi contributions for the full years 2015 and canada goose replica 2016, fell to 4.24 canada goose coats billion euros ($4.5 billion), below the average estimate of 4.5 Canada Goose Coats On Sale billion canada goose deals euros in a Reuters poll.

Operating income before depreciation (OIBD) rose 2 percent on Canada Goose Parka a like for like basis to 818 million euros, HeidelbergCement said on Canada Goose Online Tuesday, also below the poll average, which was 847 million euros.

Western Europe, the canada goose black friday sale group biggest revenue source, was the only region to show growth, thanks to a strong German canadian goose jacket economy, housing and canada goose clearance sale infrastructure projects in Britain and a Dutch turnaround. North America was hit by an early start to winter.

2017, we will focus on the realisation of the Canada Goose online synergies from the Italcementi acquisition and on measures in view of cost inflation. Price increases will play an buy canada goose jacket canadagoosejacket-outlet cheap important role in this context, Chief Executive Bernd Scheifele said in a statement.

is very well equipped to follow up on the new strategic priorities growth and increase in shareholder return Canada Goose Outlet over the coming years.

The company is 2018 canada goose outlet due to present detailed financial results and a 2017 outlook on March 16.

HeidelbergCement said it foresaw a further decline canada goose clearance in Canada Goose Jackets demand and an increase in excess capacities in China, although it did not expect this to lead to a significant increase in Chinese exports since cheap Canada Goose most capacity is located inland.

It said it expected a stronger economic recovery in canada goose outlet store locations North America this year, continuing improvement in Britain and increasing infrastructure investments in Indonesia which have been delayed.

Lafargeholcim, the world biggest cement maker, is due to report 2016 results on March 2. ($1 = 0.9415 euros) (Reporting by Georgina Prodhan; Editing by Gopakumar Warrier and Jane Merriman).