Heidelberg Materials reports solid Q2 results, reaffirms outlook

Published 31/07/2025, 08:02
© Reuters.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.