Heidelberg Materials AG (OTCPK:HDELY)
$ 26.0348 0.8148 (3.23%) Market Cap: 23.58 Bil Enterprise Value: 31.82 Bil PE Ratio: 12.32 PB Ratio: 1.28 GF Score: 87/100
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Half Year 2024 Heidelberg Materials AG Earnings Call Transcript

Jul 30, 2024 / 12:00PM GMT
Release Date Price: $21.12 (-1.12%)
Christoph Beumelburg
Heidelberg Materials AG - Group Spokesman, Director Group Communication and Investor Relations

Good morning, good afternoon, good evening. Thanks for dialing into our Q2 conference call. We released a good set of numbers this morning that Dominic and René will go through now. And without further ado, I hand over to Dominik first.

Dominik Von Achten
Heidelberg Materials AG - Chairman of the Managing Board

Chris, thanks a lot and hello also from my side. Great to have you on our call. Let me just run briefly through the key points. And then I think it's all about your questions, and René and myself are more than happy to answer them.

So we jump into the first cover page on page 2, just sharing the fact that I think we've released solid result improvement despite lower volumes. So revenues were slightly down 2%, EBITDA and RCO, up 4% respectively, 5%. And what's very important is that the EBITDA margin improved 230 basis points, so 1.3 percentage points.

And that was very much driven by a step change from North America,

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