Germany: Heidelberg Materials has reported its 2024 quarterly financial report for January – March 2024. Revenue for this period was €4.48bn, representing a year-on-year decrease of 8.1% from €4.89bn. Result from current operations before depreciation and amortisation was €542m, a year-on-year decrease of 2.6% from €557m. Poor weather conditions in key regions and a reduced number of working days in the first quarter of 2024 contributed to declining sales volumes, according to the company.
Dr Dominik von Achten, Chair of the Managing Board of Heidelberg Materials, said "Despite declining revenues compared to a strong prior-year quarter, we have further increased our profitability. This was in particular due to the very good start to the year in North America and strict cost management. The good start allows us to look forward confidently to the rest of the year.”
