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Holcim back on track in the first six months of the year

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Holcim management has also raised its ambitions for the year. Recurring Ebit is now expected to grow by at least 18% on a like-for-like basis, up from 10% at the last assessment.

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The building materials giant Holcim has shown a marked turnaround in business after being hit by the outbreak of the Covid-19 pandemic in the comparative period.

The Swiss-based multinational generated sales of $13.87 billion, up 17.4% from last year. Operating profitability increased by two-thirds, with recurring EBIT of $1.98 billion. According to the mid-year report released on Friday, net profit increased by almost two and a half times to $926 million.

The performance was on the high end of the range of forecasts gleaned from AWP, whose consensus for revenue was $13.71 billion and recurring Ebit $2.04 billion.

Management has also raised its full-year guidance. The recurring Ebit is now expected to grow at least 18% on a like-for-like basis, up from 10% at the last count.

For MetaNews.

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