Holcim increases sales significantly
The building materials group Holcim reports a high operating profit and an increase in sales growth of 20.1 percent in the first quarter of 2022. Record levels are thus achieved for both EBIT of 614 million francs and sales of 6.44 billion francs.
The building materials group Holcim , headquartered in Zug, is reporting positive economic figures for the first quarter of 2022. According to a press release , net sales rose from 5.36 billion francs to 6.44 billion francs. Sales thus increased by 20.1 percent. Operating profit (EBIT) rose by 16.3 percent compared to the same quarter last year to CHF 614 million. According to the announcement, EBIT and sales have reached a “record high”. According to the announcement, the roof systems segment developed particularly positively with an EBIT margin of 17 percent.
“I am very confident about the record start to the year, which creates a solid basis for our ‘Accelerating Green Growth’ strategy 2025,” CEO Jan Jenisch is quoted as saying. For the first time, Holcim has published a sustainability report on the aforementioned “accelerated green growth”. “The report is a first in our industry and provides an overview of our decarbonization measures, which range from climate-friendly construction solutions to circular construction and next-generation technologies,” Jenisch continues.
In the global overview of Holcim’s activities, North America with the USA and Canada is highlighted as growth markets. Argentina, Colombia and El Salvador also recorded good market growth in the Latin America region.
Europe did extremely well. Strong pricing has allowed the company to contain the effects of cost inflation. There was also good market demand in Eastern Europe.
In the Middle East and Africa, cost inflation has been absorbed well, the report says. Asia and Oceania was difficult given cost inflation. Better business in China and improved profitability in Australia helped partially offset weaker cement demand in the region.