Holcim - April 2014

Holcim's first-quarter turnover declined by 5.4 per cent to CHF4088m (EUR3342m), but on a like-for-lake basis, there was a 7.8 per cent increase while measured in euros the turnover was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (EUR504m), but this represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (EUR241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (EUR65m), as last year's exceptional gain was not repeated. Net debt at the end of March was 6.1 per cent higher at CHF10,040m (EUR8232m) to give a gearing level of 53.3 per cent, compared with 53.1 per cent a year ago.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login