Holcim reported good H1 06 results on 24/08/2006 in line with consensus expectations. Analysts at Exane BNP Paribas have slightly adjusted its FY results. Guidance for 2006 already disclosed in Q1 of about at least 5% like-for-like growth in EBITDA is confirmed. It is relatively cautious after the 17.9% like-for-like EBITDA growth posted in H1 06 and is not bringing any additional momentum.

Further growth in 2006. Despite greater uncertainty surrounding developments in oil prices and interest rates and the unsettled situation in the Middle East, Holcim expects a favourable global construction cycle also in the second half of the year. The solid positioning and the rapid integration into the Group of all newly acquired companies create a solid basis for the continued generation of further substantial added value. The Board of Directors and Executive Committee herewith confirm the Group forecasts announced in May 2006 that internal
operating EBITDA growth will once again exceed the long-term average of five per cent.
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