RSSAn unfavourable currency effect of 5.2% and negative changes in consolidation structure impacted on Swiss cement giant
Holcim’s consolidated operating EBITDA was down 3.8% to €3.504 billion (CHF 3.747 billion) (up like-for-like 5.5%) mainly as a result of negative currency effects and merger and restructuring related costs.
In 2014, consolidated operating profit was down 1.7% in 2014, at €2.167 billion (CHF 2,317 billion) (up like-for-like 10.6%). The currency-related effect impacted operating profit by €137.48 million (CHF 147 million) or 6.2%.
Further Holcim figures covering Q4 2014 revealed that the company’s consolidated net sales increased year-on-year by 1.9% to €4.552 billion (CHF 4,867 million). Operating EBITDA reached €940.9 million (CHF 1,006 million), up 6.5% year-on-year. Meanwhile, operating profit increased by 6.9% to €559.3 million (CHF 598 million).
Holcim’s consolidated cement sales were up 1% in 2014 to 140 million tonnes, compared to the previous year. Aggregates sales were down 0.9% to 153 million tonnes, and ready-mixed concrete deliveries declined by 6.3% to 37 million m³. The company’s asphalt sales volumes increased 12.4% to 10 million tonnes.
Holcim is due to merge with France’s