Heidelberg Materials report solid results for the 2024 financial year

Thanks to a strict cost management, the result of the current operations (RCO) rose 6% to a new record high of € 3.2 billion. The adjusted result per share increased significantly by 11% to € 11.9. As in the previous year, the return of invested capital (Roic) was around 10%. With a good cash flow of 2.2 billion euros, the lever quota remained at the level of last year and reached 1.2 times. The specific net -CO2 emissions were reduced by a further 1.3% to 527 kg/t cement material compared to the previous year, while the proportion of sustainable sales in the cement business line continued to rose to 43.3% (previous year: 39.5%) .

“We have persistently continued our growth disease and can look back on another very good performance in the previous year” North America and several other important growth markets. Thanks to our broad geographical footprint and our focus on cost and price management, we have made it more than compensating for falling demand in certain regions.

I am particularly proud that we have again reached important milestones on our sustainable transformation trip. With the mechanical completion of our Lighthouse project in Brevik, Norway, we have paved the way for the commissioning of the world's first facility for the CO2 facility and storage (CCS) in a cement system. In the course of the year we can deliver our customers in Europe Carbon with a net zero footprint. With this performance we drive the transformation and initiate a paradigm shift in the decarbonization of our industry.

When we look at the current year, we keep an optimistic outlook. Although the construction sector is still volatile in some regions, our core markets continue to stabilize. We therefore assume that the result will grow again in 2025. With our ongoing share of stock and our progressive dividend policy, our shareholders continue to take part in our good results. “

Concentrate on the shareholder return

On November 25, 2024, Heidelberg Materials completed the first of three tranches of his current share access program and successfully acquired around 3.6 million shares at a total price of around € 350 million. All stocks have now been canceled. The second tranche is scheduled to begin in the second quarter after Heidelberg Materials' general meeting. Last year Heidelberg Materials started his second stock buyback program with a maximum duration of three years and a volume of up to € 1.2 billion.

Transformation accelerated

In November 2024, Heidelberg Materials further accelerated its transformation towards sustainable products and profitable growth in a dynamic market environment. The focus is on November 2024. The focus is on network optimization in Europe, efficiency of functions and technical initiatives on a global scale. Overall, the initiative is expected to lead to an annual contribution of € 500 million by the end of 2026.

Portfolio further optimized

In the past financial year, Heidelberg Materials strengthened its presence in the most important core markets with Landmark acquisitions. Especially in North America and in the Asian-Pacific area, Heidelberg materials made several acquisitions with a focus on growth and sustainability.

Optimistic outlook 2025

Heidelberg Materials is optimistic this year. The demand in the construction sector is expected to stabilize at a low level. We assume that the cost developments on the energy and raw material markets will remain volatile. As a result, the focus is still on price adjustments and strict cost management.

For the 2025 financial year, Heidelberg -Materials awaits the result of the current operations (RCO) between EUR 3.25 and 3.55 billion. Roic is expected to be around 10%. The Board of Directors expects another minor reduction in the specific net -CO2 emissions.

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