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Heidelberg Materials hedged more than half of electricity costs in 2027, CFO says

By Reuters News

FRANKFURT, Nov 4 (Reuters) - Heidelberg Materials HEIG.DE has hedged 50 to 60% of its electricity costs for 2027 at prices below this year's hedges, finance chief Rene Aldach told journalists after presenting better-than-expected third-quarter results.

"But you see we have also other costs here, diesel and coal and ... our view is that we have a mid to high single digit energy cost increase for 2027, which we will mitigate via additional pricing and efficiency measures," he said.

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