Heidelberg Materials offered a summary of its second-quarter performance, noting that the downward trend in sales volumes continued globally.
Also, Heidelberg Materials says an additional increase in financing costs led to a drop in construction activity – especially in residential construction.
The company’s revenue, however, rose 5.3 percent
“We have closed the first half of 2023 with a good result,” says Dominik von Achten, chairman of the managing board at Heidelberg Materials. “Even in a weaker market environment, with significant declines in sales volumes in some cases, we performed quite well. We remain confident about the second half of the year and are once again upgrading our outlook for 2023 significantly.”
Heidelberg Materials’ first-half 2023 revenue deriving from North America was up 16 percent. The increase was the largest percentage gain of the five global regions Heidelberg Materials serves. Asia-Pacific had the second-highest percentage gain in first-half 2023 revenue at 5.9 percent.
Compared with the first half of 2022, Heidelberg Materials says its deliveries of aggregates actually rose slightly in North America. Highway infrastructure and large-scale manufacturing facility projects in the Midwest particularly drove the increase, the company says. Heidelberg Materials says sales volumes in the Southeast and Southwest, meanwhile, remained stable as heightened construction activity levels continued.
