Heidelberg Materials Earnings Drop, Hurt by Harsh Winter
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Heidelberg Materials reported a 12.3% drop in operating EBITDA to €484 million for Q1, impacted by harsh winter conditions and geopolitical challenges. Revenue fell to €4.54 billion, matching analyst expectations. Operating EBIT also decreased by 30.3% to €163 million. Despite these declines, the company noted a recovery in demand in many markets and increased its dividend to €3.60 per share, while maintaining its outlook for 2026.
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