Heidelberg Materials sees higher energy costs on conflict
Heidelberg Materials reported Q1 results in line with forecasts. The firm expects higher energy costs but will use price surcharges to help offset the impact.
HEIDELBERG MATERIALS AG expects rising energy costs due to the conflict in the Middle East, despite reporting first-quarter results that met market expectations. The world's second-largest cement maker confirmed its full-year outlook on May 6. The company stated that additional costs are to be partially compensated for by surcharges and price adjustments.
Heidelberg Materials operates in one of the most energy-intense global industries. The company confirmed the previous guidance as first-quarter performance aligned with internal forecasts. The company is maintaining its financial targets while monitoring the Middle East conflict's impact on global supply chains.
