(BRIEF) Holcim, a global leader in construction solutions, announced its effects for the first quarter of 2024, illustrating strong expansion and strategic expansion. Despite the challenges, the corporate posted a 3. 4% increase in construction net sales in local currency, with recurring EBIT expansion of 17. 1%. The Solutions Segment
(PRESS RELEASE) ZUG, April 25, 2024 — /EuropaWire/ —
Performance Overview
Jan Jenisch, President and CEO: “I would like to thank all members of the Holcim family circle for contributing to a smart start to the year. This quarter’s performance, with a significant contribution from Solutions
“In the first quarter of 2024, we achieved a disproportionate expansion in recurring EBIT of 17. 1% in local currency, which more than offset the strength of the Swiss franc. We continue to execute value-creating transactions, completing five acquisitions and completing 4 divestitures. , with net mergers and acquisitions adding more than 3% to our net sales in the first quarter. With the continued expansion of our industry-leading recurring EBIT margin, I’ll hopefully check our full-year 2024 guidance. “
“During the quarter, we accelerated our complex branded solutions, with ECOPact and ECOPlanet achieving 26% of total ready-mix concrete and cement sales, respectively. By advancing climate action, we reduced CO2 emissions consistent with net sales by an additional 5%. year after year and organize the publication of our carbon capture and use task with our partners in Germany.
Strong performance
North America recorded margin expansion with a 3. 9% increase in recurring EBIT in local currency, driven by strong underlying market demand. Although the first quarter was impacted by a reduction in the number of shipping days and adverse weather conditions, robust functionality is expected to continue into 2024.
In Latin America, Holcim achieved record net sales and recurring EBIT in the first quarter, as well as a strong margin that exceeded 36%. The offshoring trend in Mexico accelerated the quarter and the region has a strong pipeline of upcoming infrastructure projects.
Europe recorded double-digit recurring EBIT growth in the first quarter, with a recurring EBIT margin expanding through 1. 5 percent issuances – the sixth consecutive quarter of margin improvement. The effects are expected to continue.
In Asia, the Middle East and Africa, successful local currency expansion continued with a recurring EBIT margin that increased by 1. 7 percentage points. The region has noticed a significant increase in the use of select fuels, which advances decarbonization.
Holcim continued its M&A activity during the quarter, completing five acquisitions of family businesses and 4 divestitures.
In Solutions & Products, Holcim acquired ZinCo, a global leader in complex green roof systems in Germany, and Tensolite, a leading manufacturer of state-of-the-art precast and prestressed concrete building systems with a strong presence in fast-growing Latin American markets.
Holcim completed three acquisitions in the aggregates, ready-to-use fabrics and structural demolition fabrics sectors, while completing divestitures in Russia, South Africa, Tanzania and Uganda.
Accelerating Advanced Branded Solutions
In the first quarter, Holcim’s net sales of low-carbon ECOPact concrete accounted for 26% of ready-mix concrete sales, and net sales of low-carbon ECOPlanet cement accounted for 26% of cement sales, notably from 16% in each. case in the previous year’s period. Production of high-performance insulating panels has increased at Holcim’s new plant in Salt Lake City, expanding capacity in the region.
As a leader in sustainability, Holcim reduced CO2 emissions in line with sales by 5% year-on-year. This month, Holcim hosted the inauguration of its carbon capture and use task in Lägerdorf, Germany, designed to capture and use 1. 2 million tonnes of CO2. consistent with the year to 2029.
Ideas & Tips
After a continued margin in the first quarter, Holcim confirms its outlook for the year, with:
Holcim announced the previously announced percentage buyback on March 18, 2024 to acquire up to one billion Swiss francs through the end of the year. It remains committed to a strong investment-grade credit rating.
Group & Figures
Reconciliation with the Group’s monetary statements
Reconciliation of revenue source and loss measures with the Holcim Group’s consolidated source of revenue:
Additional information
To participate in the analyst conference, visit Holcim. com/investors.
1 Local currency expansion includes biological expansion and acquisitions and divestitures, foreign currencies.
About Holcim
Holcim is a global leader in sustainable, state-of-the-art building solutions with net sales of CHF 27 billion in 2023. Driven by our goal to contribute to the progress of people and the planet, our 63,448 employees are on a project to decarbonize buildings. , while other people’s standard of living. everything. We enable our consumers in all regions to build more with less, with a wide diversity of circular and low-carbon responses, from ECOPact and ECOPlanet to our ECOCycle® circular generation platform. Through state-of-the-art systems, from Elevate roofs to PRB insulation, Holcim makes structures more sustainable in use, fostering energy power and eco-friendly renewal. By putting sustainability at the heart of our strategy, we are on track to become a carbon-neutral company with 1. 5°C targets validated through SBTi.
Learn more about Holcim on www. holcim. com and by following us on LinkedIn.
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Important Caution: Forward-Looking Statements:
This document includes forward-looking statements. These forward-looking statements are not forecasts of effects or any other indicator of functionality, but rather trends or objectives, as applicable, aggregated with respect to plans, initiatives, events, products, responses and services, their progression and potential. Although Holcim believes that the expectations reflected in these forward-looking statements are based on moderate assumptions at the time of publication, investors are cautioned that such statements are not promises of long-term functionality. As a result, actual effects could possibly differ materially from the forward-looking statements. of a number of hazards and uncertainties, many of which are difficult to foresee and sometimes beyond Holcim’s control, adding, among others, the hazards described in Holcim’s annual report, available on its website (www. holcim. com) and similar uncertainties to market situations and the implementation of our projects. Accordingly, we caution you not to rely on forward-looking statements. Holcim assumes no legal responsibility to provide updates to such forward-looking statements.
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SOURCE: HOLCIM
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