(CercleFinance.com) – Holcim announces that its net sales reached 7.34 billion Swiss francs in the 3rd quarter (analysts expected 7.4 billion), a figure down 8.8% compared to the same period. a year earlier, or +6.6% in organic data.
The company also revealed recurring operating profit (Ebit) of 1.6 billion Swiss francs, up 3.1% compared to the previous year in published data, but organic growth of 14.1% .
The cement manufacturer particularly highlights its performance in North America during the first nine months, with record net sales and recurring EBIT, leading to a recurring EBIT margin of 21.7%.
‘The third quarter confirms Holcim’s strong profit profile, with broad-based growth drivers driving a further increase in profitability. This performance gives us the confidence to raise our 2023 guidance towards a recurring EBIT margin above 17% for the year, and advance our roofing systems ambition to reach over $6 billion in net sales and 1.3 billion dollars in EBIT by 2026,’ commented Jan Jenisch, CEO.
The stock lost almost 3% in Zurich after this publication.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Are you following this action?
Receive all the information on HOLCIM LTD in real time: