Heidelberg Materials

FY25 guidance confirmed with better Q3 trading

  • Sectors : Building Materials
  • Companies : Heidelberg Materials

Ratings and price correct at time of issue.

  • Heidelberg Materials

    Closing Price: 20700c

  • RATING 30/05/24

  • PREVIOUS RATING 04/02/20

    NEUTRAL

DAVY VIEW

Q3 EBIT (RCO) is c.2% ahead of consensus expectations at the group, while EBITDA (RCOBD) was c.1% ahead. A positive outlook for the year has been confirmed, with the company narrowing its RCO guidance to €3.3-3.5bn but keeping the original midpoint. We do not expect material changes to forecasts following today’s announcement.

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Nov 6 2025, 07:23 GMT

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