LafargeHolcim CEO upbeat on targets
Published by Joseph Green,
Editor
World Cement,
According to a report by Bloomberg, LafargeHolcim Ltd CEO Eric Olsen is confident the company will meet three-year cashflow and earnings targets. Olsen also reiterated the company’s confidence in its position to benefit from any upturn in the construction industry.
On 1 December, the CEO said that the diversified portfolio of the company will help it grow without making any major acquisitions and also provides a natural hedge against market volatility. That will allow management to generate a targeted cash flow of at least US$9.7 billion through 2018.
LafargeHolcim is targeting US$1.5 billion in annual savings from the merger and sees its industry-topping size helping to overcome a slowdown in demand for construction materials.
Edited from source by Joseph Green. Source: Bloomberg
Read the article online at: https://www.worldcement.com/europe-cis/03122015/lafargeholcim-ceo-upbeat-targets-110/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.