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Holcim Q4 Loss Narrows - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Swiss cement giant Holcim Ltd (HCMLY.PK) reported fourth-quarter net loss - shareholders of 161 million Swiss francs, narrower than 438 million francs in the previous year.

Operating EBITDA declined to 838 million francs from 987 million francs a year ago. On an adjusted basis, operating EBITDA was 1.02 billion francs , slightly up from 1.00 billion francs in the prior year.

Quarterly net sales grew 1.2 percent to 5.35 billion francs.

The board has also proposed a payout of 1.15 francs per registered share, up from 1.00 francs per share paid in 2011.

In 2013, Holcim expects increasing sales volumes and significant growth in operating EBITDA and operating profit level. The company said it anticipates better demand for cement in the year.

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