LafargeHolcim has announced net sales growth of 3.5% like-for-like and an over-proportional increase in recurring EBITDA of 10.8% like-for-like. Net income was up 110% and there was strong progress in free cash flow, which was up CHF735 million. There was significant deleveraging with net debt reduction of 30%. The company has confirmed its targets for 2019, with solid global market demand expected to continue.
“We have achieved a strong first half of the year and continued our profitable growth strategy,” said Jan Jenisch, CEO of LafargeHolcim. “All business segments have contributed to this success and to the continued over-proportional growth in profitability. Our financial discipline resulted in strong progress in cash flow and a significant reduction in debt. We are executing our Strategy 2022 – ‘Building for Growth’ at full speed and we are confident that we will achieve our targets of 2019.”
Read the article online at: https://www.worldcement.com/europe-cis/31072019/lafargeholcim-announces-strong-1h19/