HEIDELBERG MATERIALS EXPECTS RISING ENERGY COSTS DUE TO IRAN WAR

May 6 (Reuters) - Heidelberg Materials, the world's second-largest cement maker, said on Wednesday it expected rising energy costs as a result of the conflict in the Middle East, as it reported first-quarter results in line with expectations and confirmed its outlook for the year.

The company, whose business is among the energy-intense industries, said additional costs were to be partially compensated for by surcharges and price adjustments.

It said its focus on cost discipline and price adjustments helped it partially offset declining volumes in the first quarter.

It reported quarterly revenue of 4.54 billion euros ($5.33 billion), down from 4.72 billion in the year-earlier period but in line with analysts' expectations in a company-provided poll.

"A significant recovery in demand is already visible in many markets at the start of the second quarter," CEO Dominik von Achten said in a statement, adding that the company expected demand in its core markets to further stabilise during the year.

($1 = 0.8525 euros)

(Reporting by Christoph Steitz; Writing by Linda Pasquini; Editing by Muralikumar Anantharaman and Subhranshu Sahu)

2026-05-06T06:18:06Z