India, Nov. 4 -- Heidelberg Materials AG, a German building materials company, reported Wednesday higher result from current operations or RCO in its third quarter, driven by strong revenue growth, while RCO margin declined from last year. Citing the positive development over the past two quarters, the company confirmed its positive fiscal 2026 outlook.
Further, the firm now expects to exceed its targeted cost savings of €500 million from Transformation Accelerator Initiative by the end of the year.
On XETRA in Germany, the shares were gaining around 8.50 percent, trading at 169.85 euros.
The company plans to continue and expand the initiative over the next two years, and to achieve additional savings of €300 million by the e...