Heidelberg Materials Ag (HLBZF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Heidelberg Materials Half-Year 2025 Presents conference call. My name is Yusuf, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star followed by 1 on your cell phone. For operator assistance, please press star and 0. The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Christoph Beumelburg. Please go ahead. Thank you, Operator. Good morning, good afternoon, good evening to everyone listening. We have our Q2 results call, and we've prepared some remarks that you may have read already. Dominic and René will go through them real quick, and then we have ample time for Q&A. Over to you, Dominic. Thanks, Chris. Thanks, everybody, for joining. Welcome from our side to the Q2 2025 call, where we will present you the prepared remarks. I think overall, great quarter for us. We are satisfied with the delivery of what we have promised, strong revenue growth, 3%, but especially RCO up 8%. carried by disciplined pricing, by good cost management, not so much volume up, clearly upside down the road. We have executed the second tranche of the share buyback as announced, still running, and has been started during Q2 in magnitude up to 450 million euros. We continue to be on the gas pedal when it comes to growth. We have closed the giant acquisition in the U.S. in April, and we've also successfully closed the transaction in Morocco, end of Q2. So in that respect, things are moving in the right direction. That's also true for sustainability. Great progress here, min...