# European industrial and materials market recovery

> Developing situation record from CLSTR: https://clstr.news/situations/european-industrial-and-materials-market-recovery
> Updated: 2026-11-02T10:20:48.000Z. Sources: 6. Developments: 2.

Recent reports indicate signs of recovery within European industrial and construction sectors. Wittmann Group CEO Michael Wittmann announced an expected 10 percent revenue increase to approximately 330 million euros, noting that market recovery is visible through the realization of postponed projects, though he cautioned that a consolidated trend change is not yet confirmed.

Similarly, Heidelberg Materials reported a 10.4 percent increase in third quarter revenue to 6.41 billion euros, driven largely by demand developments in Europe. The company noted that this recovery accelerated compared to the second quarter.

## Timeline

### 2026-11-02: Heidelberg Materials reports third quarter revenue and profit growth

Heidelberg Materials saw third-quarter revenue rise 10.4 percent to 6.41 billion euros, driven by demand recovery in Europe.

4 sources. https://clstr.news/cluster/heidelberg-materials-reports-third-quarter-revenue-and-profit-growth

### 2026-10-29: Wittmann Group forecasts 10% revenue growth amid market recovery

Wittmann Group expects 330 million euros in revenue, a 10% annual increase, despite concerns regarding European desindustrialization and geopolitical tensions.

2 sources. https://clstr.news/cluster/wittmann-group-forecasts-10-revenue-growth-amid-market-recovery

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Cite as: European industrial and materials market recovery. CLSTR, https://clstr.news/situations/european-industrial-and-materials-market-recovery