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Investing.com -- Heidelberg (ETR:HDDG) Materials AG (HEIG.DE) is aiming for an annual operating profit growth of 7-10% through 2030, it announced during a Capital Market Day (CMD) and site visit to the Brevik CCS project, the world’s first CO2-capture facility in the cement industry.
The German-based group has set out a new set of mid-term targets for 2030. These include achieving an operating profit growth of 7-10% per annum, compared to the Holcim (SIX:HOLN) Remain Company’s 6-10%. The group is also targeting a return on invested capital (ROIC) of around 12%, an increase from the Strategy 2025 target of 10%.
Heidelberg Materials AG has also announced its sustainability goals for 2030. It aims to reduce specific net CO2 emissions to less than 400 kg per ton of cementitious material, a target that remains unchanged and is considered the most ambitious in the sector. As of 2024, the emissions stand at 527 kg per ton.
The company plans to generate over 50% of its revenue from sustainable products, a goal that remains unchanged from 2024, when the share stood at 43.3%. It also plans to reduce the clinker incorporation factor to 64%, an upgrade from the previous target of 68%. The 2024 figure for this factor was 69.2%.
Heidelberg also aims to increase the alternative fuel rate to over 50%, an upgrade from the previous target of 45%. As of 2024, the alternative fuel rate was 31.2%.
Citi, the multinational investment bank, has commented on Heidelberg’s targets, stating, "Overall we think these targets are feasibly achievable and there could be further upside to the target based on our current estimates."
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