Holcim profit leaps, sales below expectations

Holcim profit leaps, sales below expectations
Published: 16 August 2013

Tagged Under: Guidance Volumes 1H13 Holcim 

Holcim’s first-half results were boosted by higher net income but sales disappointed, particularly in India, the group's key market in Asia. For the full-year, the Swiss major now expects more muted earnings growth than previously forecast.

For the first six months to the end of June, Holcim's turnover declined by 5.1 per cent to CHF9649m, or by 6.9 per cent in euro terms to EUR7847m.  The running EBITDA was 3.4 per cent lower at CHF1819m while the trading profit eased by 3.3 per cent to CHF1046m (EUR 851m). Net attributable profit again improved by 47.7 per cent to CHF571m (EUR468m).

Cement deliveries were off by 1.4 per cent to 86.6Mt in the first six months, but the underlying decline was just 0.3 per cent.

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