(Boursier.com) — Holcim rises 1% to 56.70 CHF this Friday, while HSBC is buying the cement manufacturer, however adjusting the slider from 70 to 68 CHF in view of the economic context. Among other analysts’ opinions, Société Générale also remained Buy on the file, but with a price target adjusted from 78 to 73 CHF… The group’s recurring EBIT for the first half increased by solid performance in relation to net sales, with organic growth of +13.4% compared to the previous year, reaching CHF 2,043 million. Profitability increased significantly in Q2 2023 with a record recurring EBIT margin of 21.1%. Holcim is therefore on track to achieve a margin of more than 16%, the best in the sector, in 2023.
The 2023 guidance was confirmed with organic revenue growth above 6% and organic recurring EBIT growth above 10%.
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