Fed Governor Cook sues Trump over firing attempt
Investing.com -- Heidelberg (ETR:HDDG) Materials on Thursday reported second-quarter results that showed a slight revenue miss but better-than-expected earnings, while maintaining its full-year guidance.
The cement maker posted Q2 revenue slightly below expectations, with like-for-like growth of 0.7%. By region, Europe saw a 0.9% decline in like-for-like sales compared to analyst expectations of 1.4% growth.
North Africa and Mediterranean regions outperformed with 16.7% growth, while North America declined 1.7%, which was better than the anticipated 2.5% drop. Asia Pacific sales grew 0.4%, in line with forecasts.
Despite the revenue shortfall, Heidelberg’s Q2 EBITDA came in 1.2% above estimates, while EBIT exceeded both analyst expectations by 1.9%.
The company reported that volumes and pricing across most markets developed slightly positively in the first half of 2025.
Regional EBITDA performance showed mixed results. North America generated €420 million with a margin of 28.5%, representing a 60 basis point year-over-year decline.
Europe delivered €648 million with a 25.1% margin, up 160 basis points from the previous year. Asia Pacific reached €149 million with an 18.3% margin, improving 180 basis points, while Africa and Mediterranean posted €174 million with a 25.8% margin, up 160 basis points.
Heidelberg Materials maintained its full-year 2025 guidance for recurring operating income/EBIT of €3.25-€3.55 billion, with market consensus already in the middle of this range at approximately €3.4 billion.
The company also continues to target a return on invested capital of around 10% for 2025.
The stock closed at €199.00, with Jefferies analysts maintaining a buy rating and a price target of €217.70, suggesting 9% upside potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.