Heidelberg Materials: Initiation of Coverage- High-Stakes Global Acquisitions Powering the Next Growth Wave!

 Heidelberg Materials reported a robust performance for the fiscal year 2024, demonstrating significant progress across several financial and operational metrics. The company achieved a record Recurring Cash Operation (RCO) reaching EUR 3.2 billion. The EBITDA margin improved substantially to 21.3%, aligning with their target range of 20% to 22% set during the 2021 Capital Market Day. Solid free cash flow was maintained at EUR 2.2 billion, which supported a reduction in leverage to 1.2x, marking a strong financial position.