Holcim: updates guidance for 2024
(CercleFinance.com) - H1 2024 net sales reached 12,813m CHF, up +1.
6% in local currency from last year.
H1 recurring EBIT was a record 2,210m CHF, up 12.7% y-o-y in local currency. Profitability rose sharply in Q2 2024, with a record recurring EBIT margin of 23.2%.
EPS before depreciation and divestments amounted to 2.44 CHF in H1, up 10% from a year ago.
Holcim updates its forecast for FY 2024, expecting low-single-digit sales growth in local currency, over-proportional growth in recurrent EBIT, an increase in recurrent operating margin to over 18.5%, FCF should exceed 3bn
CHF, with 20% growth in recycled construction demolition materials to 10 million tonnes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6% in local currency from last year.
H1 recurring EBIT was a record 2,210m CHF, up 12.7% y-o-y in local currency. Profitability rose sharply in Q2 2024, with a record recurring EBIT margin of 23.2%.
EPS before depreciation and divestments amounted to 2.44 CHF in H1, up 10% from a year ago.
Holcim updates its forecast for FY 2024, expecting low-single-digit sales growth in local currency, over-proportional growth in recurrent EBIT, an increase in recurrent operating margin to over 18.5%, FCF should exceed 3bn
CHF, with 20% growth in recycled construction demolition materials to 10 million tonnes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.