6th November 2023 -IAM, News
Olivier Aeschlimann, Senior Financial Analyst
The Holcim Group published good results in the third quarter of 2023. Net sales recorded organic growth of +4.3%. Operationally, EBIT increased by 3.2% and the related margin improved by 250 basis points to 21.8%. These encouraging figures were achieved despite a difficult economic context, marked by a decline in demand in several markets and unfavorable currency developments. The group’s management confirmed its roadmap, namely organic sales growth of more than 6% and EBIT of more than 10%, as well as free cash flow of around 3 billion francs. Furthermore, Holcim, which presents itself as a leader in the transition to a sustainable construction industry, reduced its CO2 emissions/sales ratio by 20% during the first nine months of 2023.
