Holcim - May 2013
Holcim's first-quarter turnover declined by 7.2 per cent to CHF4323m (€3519m), which represents a reduction of 4.3 per cent on a comparable basis and measured in euros, the turnover was off by 8.4 per cent. The operating EBITDA came down by 9.5 per cent to CHF650m (€529m), which represents a 10.6 per cent cut in euro terms. The trading profit came down by 17.7 per cent to CHF270m (€220m), while the net attributable profit jumped from CHF10m (€8m) to CHF187m (€152m), largely thanks to the gain on the sale of a 25 per cent stake in the Australian operations to HeidelbergCement. Cement Australia will be proportionally consolidated from 1 April. Net debt at the end of March was 8.7 per cent lower at CHF10,758m (€8825m) to give a gearing level of 53.1 per cent, compared with 59.8 per cent a year earlier. Capital expenditure for the year should amount to around CHF900m (€7334m) for maintenance and for a further CHF1500m (€1220m) for expansion investments.