Heidelberg targets higher full-year result on America boost, cost management
BERLIN, Nov 7 (Reuters) -Heidelberg Materials HEIG.DE, the world's second-largest listed cement maker, on Thursday raised its 2024 outlook, as a strong performance in North America and efficiency measures across key markets helped offset volume headwinds.
The company now expects the result from current operations for the 2024 financial year to be between 3.1 billion and 3.3 billion euros, at the upper end of a previously forecast range of between 3.0 billion and 3.3 billion euros, it said in a statement reporting third-quarter results.
"Our persistently strong performance in North America combined with a continued focus on cost management across key markets helped offset volume headwinds and contributed to further increasing our operational result and improving our profitability," said managing board chairman Dominik von Achten.
Writing by Rachel More, Editing by Miranda Murray
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