Ergebniskonferenzen

Letzter Earnings Call

Geschäftsperiode
Q2 2026
Datum des Calls
30. Jul 2026
KI-Zusammenfassung
Q2 2026

Growth turned up: Heidelberg Materials said Q2 was a strong quarter, with revenues up 6% and RCO up 4%, and management highlighted the first positive volume impact in more than 4 years.

Pricing vs. costs: Price/cost turned slightly negative in the quarter, mainly because of supplier-driven distribution and energy pressure, but management said Europe stayed positive and the full year should still come out positive.

M&A accelerates: The company continued to push inorganic growth, closing Akcansa and Burnco and signing AmeriTex, while MAAS Australia is expected to close later this year.

Guidance narrowed: Full-year guidance was specified to EUR 3.4 billion to EUR 3.65 billion, with ROIC slightly above 10% and leverage expected around 1.5x.

Shareholder returns: Heidelberg Materials said the third tranche of its EUR 1.2 billion buyback is running well, with EUR 450 million already completed, alongside a higher dividend.

Carbon and sustainability: Management said the EU ETS proposal broadly supports the current framework, Brevik is on track, and the new kiln in Airvault cut CO2 by nearly 30%.

Wichtige Finanzkennzahlen
Revenue
6% up
Operating EBITDA
like-for-like 4% up, reported 3% up
Operating EBIT
like-for-like 5% up, reported 4% up
Organic volume impact
positive in Q2, first positive quarter since Q1 2022
Adjusted earnings per share
up 2%
Earnings per share
up 7.5%
Net income
up 7.5%
Last 12 months rolling free cash flow
EUR 1.9 billion
Leverage
around 1.6 to 1.7 for H1
Shareholder return
up 13%
Transformation Accelerator savings
EUR 440 million
Third tranche share buyback
EUR 1.2 billion
Full-year guidance
EUR 3.4 billion to EUR 3.65 billion
ROIC
slightly above 10%
CO2 emissions
around previous year level
Net debt
up EUR 500 million
CapEx net
EUR 1.2 billion to EUR 1.3 billion
Price/cost
negative minus EUR 19 million in the quarter
H1 price/cost excluding joint ventures
plus EUR 22 million
Scope impact in guidance
EUR 65 million RCO
AOR
EUR 50 million better than last year
Impairment
EUR 100 million
Working capital outflow
minus EUR 99 million
CapEx net impact on free cash flow
minus EUR 115 million
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