Heidelberg Materials warns of higher energy costs due to Iran war, tones down profit outlook
30/07/2026 06:00
Heidelberg Materials warns of higher energy costs due to Iran war, tones down profit outlook FRANKFURT, July 30 (Reuters) - Heidelberg Materials HEIG.DE expects the war in Iran to further drive up energy costs in the second half of the year, the German cement maker said on Thursday, cutting the upper end of its profit outlook.
The group now expects its operating profit, which it defines as the result from current operations, to come in at €3.40 billion euros to €3.65 billion euros ($3.89 billion to $4.18 billion), down from a previous range of €3.40 billion and €3.75 billion.
($1 = 0.8733 euros)
(Reporting by Christoph Steitz
Editing by Ludwig Burger)((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))
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