Heidelberg Materials: strong growth by taking over in Australia!

Heidelberg Materials: strong growth by taking over in Australia!

Heidelberg, Deutschland - Heidelberg Materials demonstrated an impressive market thickness on December 11, 2024 by reaching a new 52-week high of EUR 125.20. This remarkable development is an increase of almost 60 % compared to the low point of 78.44 euros in December 2023. Analysts expect positive price development with an average target price of 134.19 euros. In addition, an increase in the dividend of EUR 3.00 per share will be forecast to EUR 3.23 in the coming year in 2023, supported by an expected profit -making of EUR 11.25 per share for 2024, such as Aktiencheck reports .

In a significant strategic step, Heidelberg Materials strengthens its presence in Australia through its joint venture cement Australia. This company has agreed to acquire the cement division of the Buckeridge Group of Companies (BGC), which includes a modern cement grind as well as concrete, gravel, asphalt and transport services. While the exact financial conditions of the transaction were not published, Australian media sources indicate that the value of the takeover exceeds $ 600 million. Dr. Dominik von eighth, chairman of the board of Heidelberg Material, commented on this step: "The takeover of BGC complements and expands our growing business in Australia and is a crucial strategic step to further strengthen our position in this attractive core business," so World Cement in your report.

This acquisition is still subject to official approval, but could significantly expand the company's product range by innovative solutions and increased production capacity. Cement Australia is a leading provider of cement -containing products and services in Australia, and with this takeover, an important basis for further growth is laid.