Heidelberg Materials AG

HEI: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Heidelberg Earnings: Full-Year EBIT Guidance Lowered Due to Higher Input Costs; FVE Maintained

Matthew Donen

Jul 30, 2026

Higher energy and transportation costs resulting from the conflict in the Middle East led to a 72-basis-point decline in Heidelberg's operating EBITDA margin to 23.4% during the second quarter. Management lowered the top end of its full-year operating profit guidance by EUR 100 million.

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Heidelberg Materials AG

Heidelberg Earnings: Full-Year EBIT Guidance Lowered Due to Higher Input Costs; FVE Maintained

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