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Heidelberg Materials AG
Earnings Release • Oct 19, 2023
202_rns_2023-10-19_fe4bd1da-ff3f-4a2b-bbba-ec93a324e185.html
Earnings Release
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News Details
Ad-hoc | 19 October 2023 13:17
Heidelberg Materials publishes preliminary results of the third quarter 2023: operating result above market expectations – full year outlook raised
Heidelberg Materials AG / Key word(s): Change in Forecast/Quarter Results
Heidelberg Materials publishes preliminary results of the third quarter 2023: operating result above market expectations – full year outlook raised
19-Oct-2023 / 13:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In the course of preparing the quarterly statement for the first nine months of 2023, the preliminary Q3 results are significantly above current capital market expectations. Capital market expectations are based on the average values of the latest consensus estimates of financial analysts, compiled by Vara Research on 18 October 2023. Therefore, Heidelberg Materials publishes already today the following preliminary financial figures from the quarterly statement January to September 2023:
- Preliminary revenue amounts to €5,611 million (previous year: 5,852) in the third quarter 2023. The capital market expects €5,694 million for this figure.
- The preliminary result from current operations before depreciation and amortisation (operating EBITDA) amounts to €1,393 million (previous year: 1,193) in the third quarter 2023. The capital market expects €1,281 million for this figure.
- The preliminary result from current operations (operating EBIT) amounts to €1,080 (previous year: 874) million in the third quarter 2023. The capital market expects €972 million for this figure.
Against this backdrop, Heidelberg Materials raises its outlook for the 2023 financial year. While Heidelberg Materials continues to expect a moderate increase in revenue (excluding scope and exchange rate effects) compared with the previous year, it now expects a result from current operations of €2.85 billion to €3.0 billion (previous outlook: €2.7 billion to €2.9 billion).
The financial figures for January to September will be published on 2 November 2023.
The term “result from current operations” is used as reported in the consolidated income statement.
About Heidelberg Materials
Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. We are represented in more than 50 countries with around 51,000 employees at almost 3,000 locations. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.
Contact
Director Group Communication & Investor Relations
Christoph Beumelburg, T +49 6221 48113-249
End of Inside Information
19-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Heidelberg Materials AG |
| Berliner Straße 6 | |
| 69120 Heidelberg | |
| Germany | |
| Phone: | +49 (0)6221 481-0 |
| Fax: | +49 (0)6221 481-13217 |
| E-mail: | [email protected] |
| Internet: | www.heidelbergmaterials.com |
| ISIN: | DE0006047004 |
| WKN: | 604700 |
| Indices: | DAX40 |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Hamburg, Hanover, Tradegate Exchange |
| EQS News ID: | 1752979 |
| End of Announcement | EQS News Service |