Building materials group Heidelberg Material says it had a record financial year in 2025.
The company increased its revenue slightly by 1% in comparison with the previous year to €21.5bn (previous year: €21.2bn), despite some declines in volumes in individual group areas.
Heidelberg’s result from current operations (RCO) rose to new record high of €3.4bn (+6%) for the financial year.
The group says the outlook for 2026 is positive with RCO between €3.40–€3.75bn and return on invested capital (ROIC) above 10% expected.
“Last year, we once again demonstrated that we can successfully maintain our growth trajectory even in a persistently challenging environment,” says Dominik von Achten, chairman of the managing board of Heidelberg Materials.
“Our consistent focus on strict cost management contributed significantly to this excellent result. At the same time, we benefit from our diversified geographical presence and clear focus on our core business. This enables us to accelerate our growth even in volatile times. Against this backdrop, we continued our disciplined portfolio optimisation in the past financial year and strengthened our position with attractive company acquisitions, particularly in key markets.”
Heidelberg says the opening of Brevik CCS, the world’s first industrial-scale carbon capture and storage (CCS) facility in the cement industry, marks a turning point on the path to net-zero emissions. Across Europe, its customers are already using the world’s first carbon captured near-zero cement evoZero in their flagship projects – paving the way to a sustainable future.
The group adds that Brevik is just the beginning: Following the successful completion of a funding agreement with the UK Government, Heidelberg’s CCS project in Padeswood, United Kingdom, has entered the implementation phase. There, it says it will operate the world’s first cement plant with a nearly completely decarbonised manufacturing process.
2026 financial year
Heidelberg says it is optimistic about the current 2026 financial year. Even though the construction sector remains volatile in some regions, it expects its core markets to continue to stabilise. The group therefore expect that results will once again grow in the current year.
Growth and decarbonisation
To further accelerate its transformation towards sustainable products and profitable growth in a dynamic market environment, Heidelberg Materials started its Transformation Accelerator initiative in November 2024. The initiative exceeded the company’s expectations and led to significant savings of €380 million in the past financial year. Its focus is on the optimisation of the production network, cross-functional efficiency enhancements and technical initiatives on a global scale. The company is convinced that the initiative can achieve its overall target of at least €500 million in savings by the end of 2026.
In the past financial year, Heidelberg Materials strengthened its positions, particularly in North America and Australia. With the acquisitions of BURNCO Rock Products Ldt (Canada) and Walan Specialty Construction Products (USA), among others, the company was able to further expand its circular and low-carbon portfolio in North America. In Australia, Heidelberg Materials has expanded its range of sustainable solutions and its presence in key markets with the acquisition of Midway Concrete’s ready-mixed concrete business.
In February 2026, Heidelberg Materials signed an agreement to acquire the construction materials business of Maas Group, a listed diversified industrial group and a leading supplier of aggregates, ready-mixed concrete, and asphalt in Eastern Australia. The transaction comprises 40 quarries with combined reserves of over 350 million tonnes, 22 ready-mixed concrete plants, two asphalt operations, and a recycling plant. The transaction value was around €1bn.
Outlook for 2026
Heidelberg Materials says it is optimistic about the current year. Demand for its building materials is beginning to recover in core markets. The focus continues to be on active price management and strict cost management.
For the 2026 financial year, Heidelberg Materials expects the result from current operations (RCO) to be between €3.40bn and €3.75bn. ROIC is expected to be above 10%. The managing board anticipates a further slight reduction in specific net CO₂ emissions.
