Key Points – Heidelberg Materials reported record 2025 performance, with RCO up 6% to EUR 3.4 billion, adjusted EPS of EUR 12.41 and free cash flow of EUR 2.1 billion, while net CO2 emissions fell 3%. – The company proposed a higher EUR 3.60 per share dividend for 2025, up from…
R 3.30, and continued its EUR 1.2 billion share buyback program, including the completion of a second tranche. – Heidelberg Materials reaffirmed its 2026 outlook for RCO of EUR 3.4 billion to EUR 3.75 billion, ROIC above 10%, and slightly lower carbon emissions, while also highlighting Strategy 2030, acquisitions, and decarbonization projects. – Beverage Stocks for a Refreshing 2020 Heidelberg Materials (ETR:HEI) used its 137th annual general meeting to highlight record 2025 results, a higher proposed dividend, continued share buybacks and progress on decarbonization and digitalization initiatives. Bernd Scheifele, chairman of the Supervisory Board, opened the virtual AGM and said the company had again opted for an online format to ease shareholder participation, reduce travel-related environmental impact, facilitate access for international investors and lower costs compared with an in-person meeting
The public portion of the meeting included reports from Scheifele and Dr. von Achten, who presented the Managing Board’s review of the 2025 financial year and the outlook for 2026. Company Reports Record 2025 Performance Scheifele said Heidelberg Materials “impressively” continued its growth path in 2025 despite “ongoing geopolitical and economic uncertainties.” He said the group increased revenue and operating profit, improved its RCOBD margin and raised adjusted earnings per share. Dr. von Achten said the company’s result from current operations, or RCO, rose 6% to EUR 3.4 billion in 2025.
He also pointed to an operating margin of 21.8%, adjusted earnings per share of EUR 12.41, return on invested capital of 10.4% and free cash flow of EUR 2.1 billion. Specific net CO2 emissions fell 3% to…