BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Heidelberg Materials (HDELY.PK) reported that its first quarter result from current operations before depreciation and amortisation rose 41.3% to 557 million euros from a year ago. The result from current operations recorded growth to 258 million euros from 91 million euros, last year.
Revenue rose 10.6% to 4.90 billion euros. Excluding scope of consolidation and exchange rate effects, the growth was 13.4%.
The company upgraded its outlook for fiscal 2023. Heidelberg Materials expects a moderate increase in revenue, excluding items, compared with the previous year. The company now anticipates a result from current operations of between 2.50 billion and 2.65 billion euros, revised from prior outlook of between 2.35 billion and 2.65 billion euros.
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