Holcim posts record high profitability
Holcim reports a recurring operating result of CHF 2.2 billion for the first half of 2024. The corresponding margin reached a record 23.2 percent in the second quarter. Sustainable construction solutions increased their share of total sales.
Holcim generated sales of 12.81 billion Swiss francs in the first half of 2024, the globally active Zug-based building materials group announced in a press release. This corresponds to a year-on-year decline of 1.9 percent. In local currencies, growth of 1.6 percent was achieved.
The recurring operating result at EBIT level increased by 8.1 per cent year-on-year to CHF 2.21 billion. The corresponding margin increased from 15.6 to 17.2 per cent. A record-high margin of 23.2 per cent was even achieved for the second quarter of 2024.
Group profit before impairments and disposals rose by 7.5 per cent to CHF 1.38 billion. By contrast, net profit fell by 3.4 percent to CHF 1.22 billion. In the half-year under review, Holcim made eleven acquisitions and sold four parts of the Group.
Holcim can also point to successes in terms of sustainability. For example, CO2 emissions in relation to sales were 7 per cent lower in the reporting period than in the previous year. In addition, Holcim’s low-emission cement ECOPlanet already accounted for 26 percent of Group-wide cement sales. The share of low-emission concrete ECOPact reached 28 percent. At the end of 2023, the share of the two sustainable products was still 19 percent each. “Our leading sustainable construction solutions – from the low-CO2 concrete ECOPact to the energy-efficient Elevate roof systems – make us the partner of choice for major projects, such as in the infrastructure sector or in the construction of data centres,” Holcim CEO Miljan Gutovic is quoted as saying in the press release.