Heidelberg – November 04, 2026 -- Heidelberg Materials lifted third-quarter result from current operations (RCO) by 9% to EUR 1,281 million, up from EUR 1,179 million a year earlier, as revenue rose 10% to EUR 6,413 million.
Revenue grew by EUR 606 million from EUR 5,807 million, while RCO gained EUR 103 million. CEO Dominik von Achten attributed the result to strong business in Europe, continued growth in North America, active cost and price management, productivity gains and steady demand recovery.
Cost-savings program is extended by EUR 300 million through 2028
The Transformation Accelerator Initiative, announced in November 2024, will exceed its EUR 500 million savings target by the end of 2026. The company will extend it with a further EUR 300 million in savings, split roughly equally between 2027 and 2028. The program aims to offset inflation-driven cost increases through higher technical efficiency and to improve margins.
Structural changes, particularly in Europe, are a focus. The company is paying special attention to its European clinker and cement network amid persistently weak conditions in some markets. On 16 September it announced the closure of its Ranville site in France, and it is prioritizing CO2-reduced products with lower clinker content.
Three acquisitions add quarries, asphalt plants and a Peruvian cement platform
On 7 October 2026, Heidelberg Materials signed an agreement to acquire the Swedish and Norwegian aggregates and asphalt activities of NCC AB's Stockholm-based industry division. The business operates 106 aggregates sites and 44 hot-mix asphalt plants.
On 1 October, the company closed the acquisition of Maas Group's construction materials business in Australia. The deal covers 43 quarries with more than 350 million tonnes of reserves, 22 ready-mix plants, five asphalt plants and one recycling facility.
It also closed on 1 October the purchase of a 70% majority stake in Peru's Cementos Inka, an asset-light addition with two grinding plants and two ready-mix plants.
Padeswood carbon capture project targets 800,000 tonnes of CO2 per year
At Padeswood in North Wales, UK, work on the main foundation has begun, and the first large plant components are expected on site from April 2027. The project is designed to capture about 95% of the existing cement works' CO2 emissions, roughly 800,000 tonnes annually, for permanent storage.
In July 2026, Heidelberg Materials and three other European cement producers opened the world's first pure-oxyfuel CO2 capture research and development plant in Mergelstetten. Clinker was first produced there at the end of May, and high-purity CO2 was first captured as dry ice in July.
Final EUR 448 million buyback tranche completes EUR 1.2 billion program
The third and last tranche of the share buyback program, announced on 21 February 2024, was completed on 1 October 2026. It had a value of about EUR 448 million, excluding incidental acquisition costs, and brought the program to its planned total of EUR 1.2 billion.
Management confirms 2026 RCO guidance of EUR 3.40-3.65 billion
The board kept the forecast it specified in July 2026: RCO between EUR 3.40 billion and EUR 3.65 billion, and return on invested capital slightly above 10%. Specific net CO2 emissions per tonne of cementitious material are expected at about the prior-year level, reflecting the first-time consolidation of Akçansa.