Economy News Shares

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


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.


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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