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  • Nov 7, 2024

      Show headlines and story abstract
    • 4:44AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: CODYY, HDELY, VCISY

      By Nina Kienle

      Heidelberg Materials said it slightly raised its 2024 guidance after an increase in third-quarter results that beat expectations.

      The German building materials group on Thursday said that its results from current operations before depreciation and amortization--the company's preferred metric--for the three months ended September was 1.45 billion euros ($1.56 billion) compared with 1.39 billion euros in the prior-year period.
    • 3:25AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: HDELY

      0824 GMT - Heidelberg Materials' third-quarter results were more resilient than those of competitors that have reported earnings so far, Capital Markets Research analysts Anthony Codling and Oliver Dyson say in a research note. The German building materials group posted revenue and earnings up on year, despite economic weakness in Europe and unfavorable weather conditions in North America. The company tweaked its results from current operations guidance range, a small change, but meaningful given the economic backdrop and weather patterns, the analysts say. "In our view, the Group continues to lead the way on innovation and the launch of its 'Transformation Accelerator' cost program should further enhance the operating result," they say. Shares trade 4.4% higher at 112.50 euros. (nina.kienle@wsj.com)
    • 1:00AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: HDELY

      By Nina Kienle

      Heidelberg Materials said it slightly raised its 2024 guidance after an increase in third-quarter results that beat expectations.

      The German building materials group on Thursday said its results from current operations before depreciation and amortization--the company's preferred metric--for the three months ended September was 1.45 billion euros ($1.56 billion) compared with 1.39 billion in the prior-year period.
  • Nov 6, 2024

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    • 3:53AM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: CODYY, HDELY, CRH
      0853 GMT - The impact of a Trump administration on European building and construction stocks would be relatively limited, Jefferies analysts write in a research note. Should Trump bring an end to the war in Ukraine, then companies with a presence in Eastern Europe should benefit, they add. CRH has cement plants in Ukraine and a significant presence in the rest of Eastern Europe, and would likely be a beneficiary, they add. The analysts say Heidelberg Materials and Holcim have exposure to the region and could also benefit. Sika and Saint-Gobain would benefit indirectly via increased demand for construction chemicals required for cement in the region, they add. (adam.whittaker@wsj.com) (END) Dow Jones Newswires November 06, 2024 03:53 ET (08:53 GMT)

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