Slovakian stabilisation in 2010

The Moroccan division of Swiss building materials company Holcim is reported to have generated turnover of MAD 1.5 billion (€133.87 million) in the first half of 2013, down 18.7% year-on-year.

Overall cement consumption was down 12.6% over the same period, and EBITDA was established at MAD 695.50mn (€62.07 million), down 21.2%.

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 increased consolidated net sales, operating EBITDA and net income in 2012 despite the difficult economic environment in Europe and restructuring costs. The Holcim Leadership Journey, which is well under way across the whole group, also supported operating performance. Despite the fact that volume growth was limited, Holcim succeeded in increasing net sales by 3.9% to CHF 21.5 billion (about €17.7 billion) and operating EBITDA by 0.7% to almost CHF 4 billion. Operating profit decreased by 6% to CHF 1.

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