Heidelberg Materials Q1 results beat market expectations, having been driven by strong pricing strategies and cost management despite declining volume. As a result, the company has upgraded its guidance, albeit cautiously due to uncertainties regarding demand. We will adjust our estimates to incorporate the new outlook.

10 May 2023
Q1 23: cautious upgrade to the guidance

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Q1 23: cautious upgrade to the guidance
Heidelberg Materials Q1 results beat market expectations, having been driven by strong pricing strategies and cost management despite declining volume. As a result, the company has upgraded its guidance, albeit cautiously due to uncertainties regarding demand. We will adjust our estimates to incorporate the new outlook.