Cement group Holcim raises forecast
The cement company Holcim raises the outlook after a record result in the first half of the year. New aims the Swiss company sales growth on a comparable basis of at least ten percent, as announced by Holcim on Wednesday. Previously, the target had been eight percent.
The group continues to anticipate an increase in earnings.
In the first half of the year, Holcim increased adjusted sales by 12.7 percent to CHF 14.68 billion. Profit climbed 38 percent to CHF 1.16 billion. The drivers of the result were the improvement in profitability in the Solutions & Products segment, which includes roofing and insulating materials, and in North America.