LafargeHolcim is holding a capital markets day as part of the execution of its Strategy 2022: ‘Building for Growth.’ The company has noted that it has delivered solid results throughout the year, developing positive momentum and showing significant progress in increasing profitable growth.
The event will be attended by senior leaders, who will give further updates on performance and strategy delivery.
The company’s 2018 full year targets have been confirmed. These include a net sales growth of between 4% and 6% on a like-for-like basis, as well as a recurring EBITDA growth of 3% - 5%, also on a like-for-like basis.
The company expects that solid global market demand will continue in 2019. As part of its full year targets for 2019, the company expects a net sales growth of 3% - 5% on a like-for-like basis (delivering on the Strategy 2022 target), a minimum 5% growth of recurring EBITDA on a like-for-like basis (also delivering on Strategy 2022 targets), and to accelerate deleveraging in order to achieve a two times or less net debt:recurring EBITDA ratio by the end of 2019.
The capital markets day will take place at Bardon Hill, one of the largest aggregates quarries in Europe.
“Our performance in 2018 shows that execution of Strategy 2022 – ‘Building for Growth’ is at full speed,” said Jan Jenisch. “We have simplified the organisation and are ahead of target with our SG&A savings programme. With the recent divestment of our Indonesia operations we reached a major milestone in focusing our portfolio, which allowed us to accelerate deleveraging. At the same time, we aggressively move forward in aggregates and ready mix concrete. These results are strong proof points for our Strategy 2022 and we will continue delivering across all value drivers.”
LafargeHolcim is a global leader in building materials and solutions, operating business segments in cement, aggregates, ready mix concrete, and solutions and products.
Read the article online at: https://www.worldcement.com/europe-cis/28112018/lafargeholcim-holds-capital-markets-day/