Heidelberg Materials Ag (HLBZF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Heidelberg Materials First Quarter Results 2026 conference call. I am Sandra, the call school operator. I would like to remind you that all participants have been listened only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The content must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Christoph Beumelburg. Please go ahead, sir. Thank you, Sandra, and welcome from Heidelberg. We're here with, as usual, Dominik Van Aften, CEO, and our CFO in the IR team. And after going through some prepared remarks, we get ample time for your questions. So with that, Very short intro over to you, Dominik. Thanks. Hello, everybody. Great to have you on the call. Thanks for joining. Look, we had an interesting quarter in the start for 2026. Robust performance from our perspective, but quite significantly impacted by weather in U.S., Europe, and partially in Africa. So the revenues are at $4.5 billion, RCO $0.2 billion, down from prior year quarter, but important for us, positive price over cost, and that to a large extent mitigates the volume impact that has been driven by the weather. I don't have to tell you northeast. You saw the pictures from New York. You saw how northern Europe and eastern Europe were under snow for a long time. So that's our footprint in that respect. So for us, I would say normal course of business. Transformation accelerator, I think, has taken off, but from my seat and our seat, I think there is still ample room for maneuver on the cost side as we go through the year, especially given the volume ...