LafargeHolcim: raises FCF target for 2020
(CercleFinance.com) - During a trading update, LafargeHolcim has said that it now expects to generate free cash flow of over 2.
75 billion Swiss francs over FY 2020, compared to a target of over two billion three months ago.
The Franco-Swiss group reported a 1.9% increase in Q3 current operating profit to 1.44 billion Swiss francs (+10% on a comparable basis), representing a 250 basis-point improvement in its operating margin.
The building materials supplier saw its sales decline by 9.6% as reported to 6.45 billion Swiss francs and by 2.6% on a comparable basis, performance that was supported by what it describes as "resilient" demand.
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75 billion Swiss francs over FY 2020, compared to a target of over two billion three months ago.
The Franco-Swiss group reported a 1.9% increase in Q3 current operating profit to 1.44 billion Swiss francs (+10% on a comparable basis), representing a 250 basis-point improvement in its operating margin.
The building materials supplier saw its sales decline by 9.6% as reported to 6.45 billion Swiss francs and by 2.6% on a comparable basis, performance that was supported by what it describes as "resilient" demand.
Copyright (c) 2020 CercleFinance.com. All rights reserved.