German building materials company Heidelberg Materials reported on Wednesday weak revenues in the first quarter and a lower result from current operations or RCO.
Looking ahead for the financial year 2026, Heidelberg Materials continues to expect RCO between €3.40 billion ($3.98 billion) and €3.75 billion.
In addition, the company announced that the managing board and supervisory board will propose to the annual general meeting on May 13 the distribution of a dividend of €3.60 per share for the 2025 financial year, 9% higher than the previous year's dividend of €3.30 per share.
Further, the company noted that the third and final tranche of the current share buyback programme is scheduled to start in the second quarter.
Within the second tranche, shares with a total value of around €400 million had already been repurchased. The share buyback programme has a maximum duration of three years and a volume of €1.2 billion.
In the first quarter, the RCO decreased 30.4% to €163 million from the previous year's €235 million.
RCO margin was 3.6%, down 138 basis points from 5.0% a year ago.
Result from current operations before depreciation and amortization or RCOBD declined 13% to €484 million from €557 million last year. The RCOBD margin was 10.7%, down from the previous year's 11.8%.
Revenue declined 4% in the first quarter to €4.54 billion from last year's €4.72 billion. On a like-for-like basis, revenues declined 2%.
