Heidelberg Materials provided perspective on its global performance in the first quarter, noting that poor weather in key regions and a reduced number of working days contributed to sales volume declines.
Positive pricing momentum in some markets helped to offset declines, though.
“Despite declining revenues compared to a strong prior-year quarter, we have further increased our profitability,” says Dominik von Achten, chairman of the managing board at Heidelberg Materials. “This was in particular due to the very good start to the year in North America and strict cost management. The good start allows us [to look] forward confidently to the rest of the year.”
Globally, Heidelberg Materials says its revenue fell 8 percent versus the prior-year quarter. A decline in cement volumes following weak construction demand in Europe was a factor, the company adds.
