Heidelberg Materials’ Dominik von Achten expressed optimism about the second half of 2024 as his company released its second-quarter results.
As Heidelberg Materials describes, it “delivered a good performance in the second quarter” despite revenue declining slightly compared with the prior year’s second quarter.
“Especially our strong development in North America has contributed to increasing our result and margin in the second quarter again despite the continued slight decline in volumes,” says von Achten, chairman of the managing board at Heidelberg Materials. “We remain confident about the second half of the year and confirm our outlook for 2024.
“As part of our ongoing portfolio optimization, we further expanded our presence in the important U.S. market through targeted acquisitions in the second quarter,” von Achten says. “Together with our UK recycling activities, we will make an important contribution to strengthening our business and expanding our range of sustainable products.”
According to Heidelberg Materials volume declines slowed slightly in the second quarter in all of its business lines versus the first quarter of 2024. Heidelberg Materials says the pressure on volumes is largely attributable to prolonged weak activity in the construction industry and adverse weather conditions in individual core markets.
Heidelberg Materials says cost and price management in the second quarter largely offset the impact of volume declines.
