Holcim - February 2013

Holcim's turnover increased by 3.9 per cent in 2012 to CHF21,544m, while in euro terms the increase was 6.4 per cent to EUR17,867m but in US$ terms there was a 1.3 per cent decline. The operating EBITDA improved by 6.2 per cent to CHF4223m (EUR3502m) before restructuring costs, post which the advance was a mere 0.7 per cent to CHF3984m (EUR3304m). The trading profit fell by 6.2 per cent to CHF1816m (EUR1,506m), though before exceptional items it was ahead by 10.6 per cent to CHF2552m (EUR2,116m) and the net attributable profit jumped by 126.5 per cent to CHF622m (EUR516m). The proceeds from the sale of emission rights were only marginally lower at CHF62m, compared with CHF63m 2010 and well below the CHF95m 2010 seen in 2010. The closure cost of capacities reduced the EBITDA in the year by CHF239m and the trading profit by CHF736m as 4.67Mta of cement capacity, 25 quarries and pits and 159 batching plants, all of which were unprofitable, were closed.

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