Heidelberg Materials Ag (HLBZF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, operator. Good morning. Good afternoon, everyone listening in to our Q3 earnings call. Pleased to report the numbers that we published this morning. As always, we have in the room Dominic, our CEO, Rene, our CFO, and from the IR team, Robert and Ozan, myself. So, you know, happy to receive your questions after the prepared remarks. And for those, I hand over to Dominic. Chris, thanks a lot. Welcome, everybody. From our side, great to hear you and have you on the call. Let me just go through the presentation quickly, and then we get to your numbers. Good quarter for us. I think revenue up 1%, RCO up 5%, after currency impact even 7%. So I think that's good. Also operating EBITDA margin up by 65 basis points. I think that's a good quarter, driven also by the transformation accelerator, savings around 250 million. So we are basically halfway to where we need to go and want to go, although we've still got 15 months to go. So I think that's well on track from our perspective, if not even better. is on track to be finished by December at the latest. So I think that should be good. The second tranche, obviously, of the 1.2 billion. So fully on track to what we have communicated. Good news on the decarbonization side. We expand our leadership in that respect. I'm sure we get into your questions on this one. but we took the FID final investment decision for Pacewood CCS project. Construction will start this year. So that's good news. And on the back of that and on the back of Breivik performing well in terms of carbon, capturing the carbon and also putting it under the Norwegian sea, we are able now to sell the first Evo Zero products to the market. And we have already the first projects that are up for delivery. So in that respect, things are moving well. And on t...