Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions, has announced its third-quarter results. The company increased its third-quarter result by 5% from €1,124 million last year to €1,179 million. The operating margin also rose from 25.2% last year to 25.9%.
During this period, the company made the first deliveries of evoZero®, the world’s first carbon-captured near-zero cement, to customers across Europe.
Heidelberg Materials also secured four additional grants under the EU Innovation Fund and announced plans to begin construction of the CCS project in Padeswood, United Kingdom, in the coming weeks.
According to the prepared report, the result from current operations (RCO) is projected at €3.30–3.50 billion, while ROIC remains stable at around 10%.
Dr. Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials, stated: “We continued our growth trajectory in the third quarter of 2025, despite ongoing political and economic uncertainties. Our uncompromising focus on active price and cost management in all Group areas contributed significantly to improving our result and further expanding our profitability in the third quarter. Our Transformation Accelerator initiative played a key role in enhancing our margins through substantial savings. We remain confident about the year as a whole. Based on the business development to date, we confirm our positive outlook for 2025.”
Von Achten added: ““With the start of deliveries of evoZero® – the first carbon captured near-zero cement – to customers across Europe, we have noticeably driven forward the transformation of the construction industry. The globally unique product is manufactured in our pioneering CCS facility in Brevik and gives our customers a clear competitive advantage on the path to CO₂-reduced construction. With the final investment decision for our CCS project in Padeswood, United Kingdom, we are further expanding our pioneering role in sustainability.”
Successful Operational Developments
The company increased its revenue by 1% compared to the same quarter last year, reaching €5,807 million. The result from current operations rose 5% to €1,179 million, and the operating margin improved by approximately 0.7 percentage points to 25.9%.
Transformation Accelerator Initiative Progressing as Planned
Announced in November 2024, the Transformation Accelerator initiative made a significant contribution to results in the first nine months of 2025. The initiative focuses particularly on optimizing the production network, enhancing cross-functional efficiency, and implementing technical initiatives on a global scale. Heidelberg Materials aims to achieve at least €500 million in annual savings by the end of 2026.
Focus on Shareholder Return
In May 2024, Heidelberg Materials launched a second share buyback program with a total volume of up to €1.2 billion. The second of three tranches, with a volume of up to €450 million, is scheduled to close later this year. By 31 October 2025, the company had repurchased treasury shares totaling approximately €364 million.
