Heidelberg Materials posts strong Q3 growth, confirms 2025 outlook

Heidelberg Materials has reported continued growth in the third quarter of 2025, with results from current operations rising by 5% to €1.18 billion (£1.02 billion) and an operating margin of 25.9%, up from 25.2% in the same period last year. Revenue grew slightly to €5.81 billion (£5.03 billion).

The company credited its Transformation Accelerator initiative — a global efficiency programme launched in 2024 — for driving productivity gains and savings across its operations. The initiative remains on track to deliver annual savings of at least €500 million (£433 million) by the end of 2026.

“Our focus on price discipline, cost management and operational efficiency continues to pay off,” said Dr Dominik von Achten, chairman of the managing board. “We remain confident about the year as a whole and confirm our positive outlook for 2025.”

Major progress in carbon capture

Heidelberg Materials continues to strengthen its position as a leader in low-carbon cement production, with major milestones achieved in 2025. The company began first deliveries of evoZero, the world’s first carbon-captured near-zero cement, produced at its Brevik CCS facility in Norway.

In the UK, construction is set to begin this month on the company’s second carbon capture plant at Padeswood, North Wales, following a funding agreement with the UK Government. Once operational in 2029, the facility will capture around 800,000 tonnes of CO₂ annually.

evoZero will be used in flagship European projects including the Skøyen metro station in Oslo and DREIHAUS, a 3D-printed housing project in Heidelberg, Germany.

In addition, four Heidelberg Materials projects — in Belgium, France, Italy and Poland — have been selected for EU Innovation Fund grants supporting near-zero industrial technologies.

Outlook remains positive

The company has confirmed its 2025 full-year guidance, forecasting results from current operations of €3.30–3.50 billion (£2.86–£3.04 billion) and a return on invested capital of around 10%. Heidelberg Materials also expects to further reduce its CO₂ emissions per tonne of cementitious material compared with 2024.

A second share buyback programme worth up to €1.2 billion (£1.04 billion) is ongoing, with approximately €364 million (£316 million) of shares repurchased by the end of October.

“With projects such as Brevik and Padeswood, we are delivering the future of low-carbon construction,” said Dr von Achten. “These initiatives strengthen our sustainability leadership and create value for our customers and shareholders alike.”