Cement News tagged under: business strategy
LafargeHolcim is moving back towards its roots09 April 2021, Published under Cement NewsLafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the company's exposure to emerging markets while bolstering the finishing products arm of its business. Following the drive towards urban markets Leading building material companies have been on a restructuring pathway since the global financial crisis in 2008. The main directive of this trend for... |
Financial ratio analysis23 February 2021, Published under Cement NewsCement producers should use financial ratio analysis to compare their performance with others around the world. However, this must be combined with peer group analysis to account for differing operational circumstances. Figure 1: EBITDA profit margin Financial ratio analysis is used to assess the condition and performance of cement companies based on the performance published in their financial statements, such as their income statement (profit and loss), statement of financial ... |
A new focus for HeidelbergCement18 September 2020, Published under Cement NewsHeidelbergCement's 2020 Capital Markets Day – 'Beyond 2020' set out many ambitious forward targets for the global building materials company as it looks to strengthen its core portfolio and embrace the megatrends of increasing urbanisation, digitalisation and a shift towards a low-carbon future. In a bold move, it has brought forward some of its key targets for carbon reduction by five years. A simplified organisational structure will also see one global function per board member. 'Beyo... |
HeidelbergCement reveals its 'Beyond 2020' strategy17 September 2020, Published under Cement NewsDr Dominik von Achten, CEO of HeidelbergCement announced the company’s ambitious new strategy ‘Beyond 2020’ in its Capital Markets Day live webinar yesterday. HeidelbergCement set new targets for carbon reduction, improved EBITDA margin and return on investment capital (ROIC). It also indicated that it would shift its divesting focus of non-core assets to more core asset disposals while investing in digitalisation and low-carbon products. The group has reset its CO 2 reduction goals for 20... |
Cementir bets on US for 2018-20 revenue targets02 July 2018, Published under Cement NewsCementir will seek long-term value creation by doubling earnings per share by 2020 compared to 2017, announced Francesco Caltagirone, chairman and CEO of the Italian cement producer this week at the company's investor conference in Milan' According to the group's ambitious 2018-2020 business plan, the company is targeting revenues and EBITDA of EUR1.34bn and EUR270m, respectively, by 2020, while net debt is forecast to fall to EUR50m at the end of the period. The USA is seen as the main g... |
HeidelbergCement updates financial targets and strategic priorities12 June 2018, Published under Cement NewsHeidelbergCement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018 at its Capital Markets Day 2018 in Bergamo, Italy. The group aims to increase free cash flow generation to around EUR6bn during this period, driven by further efficiency gains and potential market upsides as well as a reduction in financial costs and disciplined capex spending, said the company in a statement. HeidelbergCement expects to benefit from mark... |
Risk management29 May 2018, Published under Cement NewsIn this month’s Technical Forum, Dr Michael Clark examines how companies approach risk and the various management techniques that can be used to control it. Cement companies must guard against complacency with regard to risk management During the last 18 months the moderator has been witness to some very adverse outcomes for cement companies around the world. Occasionally, the outcomes arose from unpredictable equipment failures or other factors beyond management control, while... |
LafargeHolcim targets better growth09 March 2018, Published under Cement NewsLafargeHolcim's CEO, Jan Jenisch, announced this week that the company is writing off its US$4.04bn impairment charge in the 4Q17 and is establishing a five-year strategy up to 2022 'Building for growth' with a reorganised regional leadership to target annual sales growth of 3-5 per cent as well as cash flow improvement at more than 40 per cent of EBITDA and a return on investment of eight per cent. Body blows LafargeHolcim has received some large body blows of late. Two thirds of t... |
A path towards value creation - part 208 March 2018, Published under Cement NewsFollowing on from the first part of this article (ICR February 2018/ CemNet 28 February 2018 ), McKinsey & Co establishes the four strategic levers for value creation and explains why now is an ideal time to be planning a greater market presence, either as a multinational or regional cement producer. By Michael Birshan, McKinsey & Co, UK, Patrick Schulze & Thomas Czigler, McKinsey & Co, Germany, and Siddharth Periwal, McKinsey & Co, India. Figure 1: portfolio attractiveness explains a... |
LafargeHolcim incurs major impairment charges, rolls out 5-year strategy05 March 2018, Published under Cement NewsLafargeHolcim's underlying turnover for 2017 amounted to CHF26,129m, a decline of 2.9 per cent, while in euro terms there was a 10.2 per cent decrease to EUR22,672m. The Asia-Pacific region generated 28.5 per cent of group turnover, while Europe represented 27.4 per cent and North America 21.7 per cent. Latin America contributed 11.3 per cent and Africa/Middle East 12.9 per cent. Margins improved from 22.1 per cent to 22.9 per cent and underlying operating EBITDA advanced by 0.7 per cent to ... |