The world's second-largest cement producer, Heidelberg Materials , has reported stronger-than-expected results for the first quarter of 2025, driven largely by robust performance in its African markets.
The German company's result from current operations RCO rose by 1.3 to 235 million 266 million, surpassing analysts' average forecast of 207 million, according to a company-conducted poll.
"Despite the political and economic uncertainties as well as difficult weather conditions in some regions, we got off to a very good start to the 2025 financial year," said Chief Executive Dominik von Achten.
The positive update echoes comments from its larger competitor, Holcim, which also attributed its first-quarter success to strong demand in North Africa.
Heidelberg Materials reaffirmed its full-year guidance, maintaining its forecast for RCO in 2025 at between 3.25 billion and 3.55 billion, in line with the consensus estimate of 3.44 billion.