European construction stocks fall, trader points to Heidelberg's pre-close call

Heidelberg Materials AG

29/06/2026 12:49

** Shares in European construction companies fall 2.4-5%, with one trader citing negative feedback from a pre-close call in which Germany's Heidelberg Materials HEIG.DE warned about a weak Q2
** "Q2 has been weakened by the impacts of the war, both due to energy inflation which has led to broad-based cost inflation across the value chain," says Bernstein after attending the call
** It expects Heidelberg to end the quarter stable or lightly below last year
** RBC says Q2 focus will be on pricing in North America and Europe, and whether Heidelberg is confident in the face of rising materials
** Heidelberg Materials falls 5.2%, France's Vinci SGEF.PA, Bouygues BOUY.PA, Eiffage FOUG.PA, Saint-Gobain SGOB.PA down 2-2.5%; Italy's Buzzi BZU.MI slides 2.7%

 (Reporting by Gianluca Lo Nostro and Samuel Indyk)
 ((gianluca.lonostro@thomsonreuters.com;))