North America a key first-quarter contributor for Heidelberg Materials

Heidelberg Materials offered broad insights about its first-quarter financial performance, noting that sales volumes globally declined as a result of the economic downturn linked to lower construction activity – especially in residential.

Still, Heidelberg Materials’ revenue rose 10.6 percent in the quarter versus the prior-year period. First-quarter earnings from operations before depreciation and amortization rose 41.3 percent, the company says.

Inflation and elevated financing costs were factors in Heidelberg Materials’ financial results.

“We have had a good start into the year,” says Dominik von Achten, chairman of the managing board at Heidelberg Materials. “In the first quarter, we were able to achieve a strong increase in revenue and results. Our operations in North America and Europe made a particular contribution to this success. We can keep building on this during the rest of the year. We are optimistic about the full year 2023.”