Holcim - August 2013
Turnover declined by 5.1 per cent to CHF9649m, or by 6.9 per cent in euro terms to €7847m. The running EBITDA was 3.4 per cent lower at CHF1819m (€1480m -5.3 per cent). The trading profit eased by 3.3 per cent to CHF1046m (€851m), while the net attributable profit was again improved and rose by 47.4 per cent to CHF571m (€468m). Net debt at the end of June was 9.9 per cent lower than a year earlier at CHF10,958m (€8898m) to give a gearing of 57.1 per cent, compared with 60.9 per cent a year earlier. Capital investment in the six months virtually trebled to CHF1593 (€1295m), with maintenance capital expenditure more than trebling to CHF790m (€642m). For the full year, capital expenditure in the existing business is expected to amount to around CHF2400m.