Heidelberg Looks Ahead

Feb. 23, 2024 – Heidelberg Materials released its latest financial report. Once again, another executive likes what he sees up ahead. “Despite a persistently difficult market environment, we closed the past financial year with a record result,” said Dominik von Achten, chairman of the managing board of Heidelberg Materials. The company stated in the report: “We are optimistic about the current year. Demand in the construction sector is expected to stabilise at a low level, even though inflation and persistently high financing costs are likely to continue to have a negative impact on residential construction in particular. We expect cost developments on the energy and raw materials markets to remain volatile. The focus will therefore continue to be on price adjustments and strict cost management. For the 2024 financial year, Heidelberg Materials anticipates revenue growth (excluding scope and exchange rate effects) and expects the result from current operations (RCO) to be between €3.0 billion and €3.3 billion.”