Dr. Dominik von Achten - Group CEO René Aldach - Group CFO
Strong revenue growth in the quarter (+14% LfL) driven by strong pricing. Commercial excellence program reaches 1.6 billion EUR.
Q3 result at prior year level, despite very volatile energy prices in Europe and high global inflation rate.
Positive trend in "price over cost" continues. Pricing compensated total cost inflation in the quarter.
Submitting the 2030 CO2 reduction targets to the SBTi for validation in line with the recently announced 1.5°C scenario.
Outlook:
Strong revenue growth
Operating EBITDA: 3,625 m€ to 3,825m€
RCO: 2,350 m€ to 2,550 m€
Volatility of energy cost remains high
2
Q3 2022 Trading Update | Dr. Dominik von Achten, René Aldach
Operational result
Revenue (m€)
+19.8%
+15.7%
LfL:
LfL:
+17.7%
+13.7%
5,852
4,886
5,058
Q3 2020
Q3 2021
Q3 2022
Operating EBITDA (m€)
-10.1%
+1.5%
LfL:
LfL:
-12.4%
-2.1%
1,328
1,176
1,193
Q3 2020
Q3 2021
Q3 2022
Operating EBITDA Margin
-678 bps
-285 bps
27.2%
23.2%
20.4%
Q3 2020
Q3 2021
Q3 2022
Operating EBIT (RCO) (m€)
-13.0%
+0.6%
LfL:
LfL:
-13.9%
-1.9%
1,005
869
874
Q3 2020
Q3 2021
Q3 2022
YoY 2022 vs. 2021
YoY 2022 vs. 2020
3
Q3 2022 Trading Update | Dr. Dominik von Achten, René Aldach
Operational result
Revenue (m€)
+20.3%
+12.9%
LfL:
LfL:
+21.7%
+12.3%
13,996
15,802
13,140
9M 2020
9M 2021
9M 2022
Operating EBITDA (m€)
-0.5%
-6.1%
LfL:
LfL:
-0.3%
-7.8%
2,731
2,896
2,718
9M 2020
9M 2021
9M 2022
Operating EBITDA Margin
-358 bps
-349 bps
20.8%
20.7%
17.2%
9M 2020
9M 2021
9M 2022
Operating EBIT (RCO) (m€)
+3.9%
-8.7%
LfL:
LfL:
+5.1%
-9.4%
1,953
1,782
1,715
9M 2020
9M 2021
9M 2022
YoY 2022 vs. 2021
YoY 2022 vs. 2020
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Q3 2022 Trading Update | Dr. Dominik von Achten, René Aldach
Operational result
[m€]
-2.1%
74
1,250
-23
-4
1,223
1,193
-30
1,176
Q3 2021 EBITDA
Currency
Q3 2021
Net volume Price over cost
Q3 2022
Scope
Q3 2022 EBITDA
LfL EBITDA
LfL EBITDA
5
Q3 2022 Trading Update | Dr. Dominik von Achten, René Aldach
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HeidelbergCement AG published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 06:14:04 UTC.
Heidelberg Materials AG (formerly HeidelbergCement AG) specializes in the production and marketing of cements and building materials. Net sales before intragroup eliminations) break down by family of products as follows:
- cement (44.3%): 118.8 Mt sold in 2022;
- ready-to-use concrete and asphalt (23.9%): ready-to-use concrete (45 million m3 sold), and asphalt (8.2 Mt sold);
- aggregates (19%): 293.8 Mt sold;
- other (12.8%): lime, bricks, mortar, etc.
HEIDELBERG MATERIALS AG 
