Holcim: recurring EBIT margin improves in Q3

(CercleFinance.com) - Holcim has announced a record recurring EBIT of 1.
67bn CHF for Q3 2024, a margin that improved 1.7 point to 23.5%, on sales of 7.12bn CHF, down 3% (+0.5% in local currency).

The Swiss building materials group highlights ongoing M&A execution, with six acquisitions in the quarter, and accelerating ECOCycle expansion with +23% rise in recycled construction demolition materials.

Holcim says it is on track to achieve its targets for 2024, including low single-digit sales growth in local currency, with its operating margin increasing to above 18.5%.


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