Heidelberg Materials increases result in second quarter and confirms outlook for 2024 $HEI (+0,46%)
Result1) increases by 5%2) in the second quarter to € 971 million (previous year: 931)
Leap in margin in North America: Group operating margin3) increases to 23.4%2) (previous year: 22.1%)
First tranche of the new share buyback program launched
Pioneer in sustainable financing: green bond placed for the first time
Decarbonization driven forward: specific CO₂ emissions reduced by a further 2%
Outlook for 2024 confirmed: Result from current operations expected to be between € 3.0 and 3.3 billion and ROIC at around 10%
Outlook for 2024 confirmed
The company expects demand in the construction sector to stabilize at a low level globally, even though inflation and persistently high financing costs are likely to continue to impact residential construction in particular. Cost trends on the energy and raw materials markets are likely to remain volatile. The focus will therefore remain on price adjustments and strict cost management.
https://www.heidelbergmaterials.com/de/pi-2024-07-30
Savings plan running (unfortunately only for 2 months)😅