Cost cuts help Holcim 2Q net profit edge ahead

Cost cuts help Holcim 2Q net profit edge ahead
Published: 15 August 2013


Holcim has reported a slight increase in 2Q net profit as cost cuts helped boost profitability but weaker demand in India, Canada and Mexico fell short of expectations.







Holcim achieved cost savings of CHF329m in the first half of 2013, and suggested that it will comfortably exceed its CHF400-500m full-year target. it confirmed its guidance to achieve organic growth in EBITDA and operating profit in 2013 but omitted the word "significant" which it had used in the previous quarter.

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