European construction, cement firms move up on Ukraine peace hopes

Wienerberger AG

24/11/2025 09:59

** Shares in European building companies and cement makers move higher on Monday as peace talks between U.S. and Ukraine on ending the war with Russia are set to continue

** STOXX Europe 600 construction and materials .SXOP index is up 1.3%, outperforming the wider STOXX 600 .STOXX, which rises 0.4%

** "The market is betting on the peace plan between Russia and Ukraine," CIC Market Solutions' analyst Ebrahim Homan says

** Austrian brickmaker Wienerberger WBSV.VI is up around 6%, German construction group Hochtief HOTG.DE rises around 3% Switzerland's Holcim HOLN.S and Germany's Heidelberg Materials HEIG.DE are up around 1% each

** Italy's largest construction company Webuild WBD.MI rises 4%, cement makers Cementir CEMI.MI and Buzzi BZU.MI are both up some 2%

** Kepler Cheuvreaux's Matteo Bonizzoni notes that Cementir is set to benefit the most from a ceasefire in Ukraine thanks to its production in Turkey

(Reporting by Paolo Laudani and Philippe Leroy Beaulieu in Gdansk)

((Paolo.laudani@thomsonreuters.com; Philippe.LeroyBeaulieu@thomsonreuters.com))