Heidelberg Materials forecasts profit rise as core markets stabilise
FRANKFURT, Feb 25 (Reuters) - Heidelberg Materials (HEIG.DE), opens new tab, the world's second-largest cement maker, expects its operating profit to rise further this year after a record 2024, it said on Tuesday, citing a stabilisation in its core markets.
The group's result from current operations is forecast to rise to 3.25 billion euros to 3.55 billion euros ($3.72 billion to $3.40 billion) in 2025, up from 3.2 billion in 2024, which was up 6% year on year.
"Thanks to our broad geographic footprint as well as our focus on cost and price management, we managed to more than compensate for declining demand in certain regions," CEO Dominik von Achten said in a statement.
The group said that while the construction sector remained volatile in some regions, the company's core markets - which includes North America and Australia among others - continued to stabilise.
($1 = 0.9547 euros)
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