Heidelberg Materials reports strong growth in Q3 2022

Revenue and profit increase significantly

Outlook for the full year confirmed

Heidelberg Materials reported strong growth in the third quarter of 2022, with revenue and profit increasing significantly. The company's revenue rose by 16.5% to €5.7 billion, while its operating profit increased by 20.3% to €937 million. The growth was driven by strong demand for the company's products, particularly in the Americas and Asia-Pacific regions.

Heidelberg Materials' net income also increased significantly, rising by 21.5% to €623 million. The company's earnings per share rose by 22.2% to €1.65. The strong financial performance was driven by a number of factors, including the company's focus on operational efficiency and its successful integration of acquisitions.

Outlook for the full year confirmed

Heidelberg Materials confirmed its outlook for the full year 2022. The company expects to achieve revenue growth of between 10% and 12%, and an operating profit margin of between 13% and 14%. The company also expects to generate free cash flow of between €1.5 billion and €1.7 billion.

Heidelberg Materials' strong performance in the third quarter of 2022 is a testament to the company's strong market position and its ability to execute its strategy. The company is well-positioned to continue to grow in the future, and its outlook for the full year is positive.

Additional information

In addition to the financial results, Heidelberg Materials also announced a number of other developments in the third quarter of 2022. The company acquired a majority stake in the Turkish cement producer, Adana Cement, and it also announced a new partnership with the Chinese company, CNBM, to develop and produce low-carbon cement.

Heidelberg Materials is a global leader in the building materials industry. The company produces a wide range of products, including cement, aggregates, and concrete. Heidelberg Materials has operations in over 50 countries and employs over 55,000 people.