Holcim Maroc improved operating performance sees 33% 2014 profit rise

Holcim’s annual results for 2013 show that net income increased sharply by 59% to CHF 1.6 billion (€1.3 billion); operating profit was up by a third to CHF 2.36 billion and while net sales were down 6.8% this represented a slight increase on like-for-like basis.

The net financial debt was down CHF 864 million to CHF 9.46 billion.

In the fourth quarter of 2013 net income amounted to CHF 319 million after a loss of CHF 91 million in the same quarter of the previous year, while operating profit climbed s

Holcim, which with Lafarge recently unveiled plans for a merger of the two companies, has reported a significant increase in operating profit for the first quarter of 2014. The company says this was mainly driven by higher like-for-like cement volumes in all group regions and the continued strong momentum of the Holcim Leadership Journey coupled with strict cost management across the group

Holcim says its first half-year 2014 results show cement volumes up and a like-for-like growth in operating EBITDA and operating profit based on recent restructurings and cost discipline.
Bernard Fontana, CEO, said: “Holcim increased sales of both cement and aggregates in the first half of 2014, despite an uneven development of the global economy.
“Group regions North America, Africa Middle East and Europe recorded particularly strong cement sales. Mild weather conditions at the beginning of the year supp

Holcim has reported a significant increase in operating profit for the first quarter of 2014 along with a further increase in operating margins and like-for-like higher volumes and net sales.

Net sales across the group reached CHF 4.09 billion (€3.36 billion), a fall of 5.4%, which was mainly influenced by negative currency effects. On a like-for-like basis net sales were up 7.8%.