HOLCIM reports record start to the year:
- Record Net Sales of CHF 6440 m, total growth of +20.1% in Swiss francs, driven by strong demand, acquisitions and pricing
- Record Recurring EBIT of CHF 614 m, total growth of +16.3% in Swiss francs
- Strong contribution from Roofing business with 17% Recurring EBIT margin
- Successful closing of Malarkey acquisition and 4 bolt-on acquisitions
- Upgrade by Standard & Poor’s to BBB+
- Launch of industry-first Climate Report
- Outlook 2022 upgraded, Net Sales growth of at least 8% LFL and at least 10% in Swiss francs
Performance overview
Jan Jenisch, CEO: “I would like to thank all members of the Holcim family for their remarkable resilience as we navigate challenging times, from the pandemic to geopolitical uncertainty. I am extremely proud of how our teams are keeping our people and operations safe, while going above and beyond to stand by our communities.
“I am very encouraged by the record start of the year, setting a solid foundation to our ‘Strategy 2025 – Accelerating Green Growth’. In the first quarter, we achieved Net Sales growth of 20% and over 16% Recurring EBIT growth in Swiss francs. Our Roofing business was a strong contributor to this performance with a 17% EBIT margin and the addition of Malarkey Roofing Products as a new growth engine in the highly attractive residential market. We further accelerated our growth with four bolt-on acquisitions in the quarter and ECOPact green concrete reaching 10% of ready-mix sales in March.
“With sustainability at the core of our strategy, we published our first Climate Report, sharing our netzero journey with 2030 and 2050 targets validated by the Science-Based Targets initiative. A first in our industry, it reviews our decarbonization actions, from green building solutions, all the way to circular construction and next generation technologies.”
During the first quarter, as human tragedy unfolded across Eastern Europe, Holcim’s number one priority remained the safety, protection and well-being of all its affected colleagues and their families, no matter where they are. The company is actively engaged in supporting humanitarian efforts to alleviate suffering across the region, from providing shelter and essential goods to medical supplies. In March, Holcim announced its decision to initiate the process of divesting its business in Russia in line with the company’s values to operate in the most responsible manner.
A full breakdown of the results is available here