* Q2 OIBD 734 mln eur vs Rtrs poll avg 725 mln
* HeidelbergCement sticks with 2013 outlook
* Says 2013 capex may exceed target to reach 1.35 bln eur
(Adds H1 investments, comment on capex outlook, details on
FRANKFURT, July 31 HeidelbergCement on
Wednesday posted a better-than-expected second-quarter operating
profit as it managed to increase prices in its main markets.
Operating income before depreciation (OIBD) for the quarter
to June rose 6 percent to 734 million euros ($972.62 million),
beating average expectations of 725 million euros in a Reuters
HeidelbergCement said an increase in demand in Asian and
African markets, as well as in North America, helped offset a
slowdown in construction activity in Europe due to flooding.
The company invested more in the first half of the year and
now expects its 2013 capital expenditures may reach 1.35 billion
euros, compared with its target of 1.1 billion.
HeidelbergCement bought the shares in Russian cement maker
CJSC Construction Materials and UK building materials firm
Midland Quarry Products it did not yet own. It also raised its
stake in Cement Australia, the country's largest cement maker,
to 50 percent from 25 percent in March.
HeidelbergCement stuck to its 2013 outlook for an increase in
revenue and operating income as well as a marked improvement in
($1 = 0.7547 euros)
(Reporting By Natalia Drozdiak; Editing by Harro ten Wolde and