Heidelberg Materials published its financial results for 2024, noting that the past year was “very good” as group revenues reached the previous year’s level ($26.8 billion) despite declining volumes.
“We have persistently continued our growth trajectory and can look back on another very good performance in the previous year,” says Dominik von Achten, chairman of Heidelberg Materials. “We have further expanded our presence in the core market of North America and several other important growth markets. Thanks to our broad geographic footprint, as well as our focus on cost and price management, we managed to more than compensate for declining demand in certain regions.”
Along with growth in North America, Heidelberg Materials says it strengthened its presence in Asia-Pacific with acquisitions focused on growth and sustainability.
Heidelberg Materials is optimistic about 2025, noting that demand in the construction sector is expected to stabilize at a low level. As the company expects cost developments in energy and raw materials to remain volatile, it will continue to focus on price adjustments and strict cost management.
“When looking at the current year, we maintain an optimistic outlook,” von Achten says. “Even though the construction sector remains volatile in some regions, our core markets continue to stabilize. Therefore, we expect that earnings will once again grow in 2025.”
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