Holcim H1 Profit Surges On Strong Sales; Lifts FY21 Recurring EBIT Growth View

Swiss building material company Holcim AG (HCMLY.PK,HCMLF.PK), formerly known as LafargeHolcim, reported Friday that its first-half net income surged 142.1 percent to 839 million Swiss francs from last year's 347 million francs.

Net income before impairment and divestments was 881 million francs, compared to 501 million francs. Adjusted earnings per share were 1.43 francs, compared to 0.80 francs last year.

Net sales of 12.56 billion francs, up 17.4 percent from last year's 10.69 billion francs. Sales were up 16.6 percent on a like-for-like basis.

Net sales in the second quarter were 7.19 billion francs, 25.5 percent higher LFL than the prior-year period.

Looking ahead, the company raised fiscal 2021 forecast, and now expects recurring EBIT growth of at least 18 percent on like-for-like basis, compared to previous outlook for growth in Recurring EBIT of at least 10 percent, on LFL basis.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
Follow RTT