LafargeHolcim posted a strong start to the year with an over-proportional increase in lfl recurring EBITDA. As expected in our model update of 2 April 2019, India and Europe posted strong performances. We continue to believe that North America has reached a high point in the cycle and, with the inversion of the yield curve, which is a good indicator of the possibility of a recession over the next 18 months, we will keep our negative view on the US.
15 May 2019
Q1 19: strong start to year with over-proportional increase in lfl recurring EBITDA
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Q1 19: strong start to year with over-proportional increase in lfl recurring EBITDA
LafargeHolcim posted a strong start to the year with an over-proportional increase in lfl recurring EBITDA. As expected in our model update of 2 April 2019, India and Europe posted strong performances. We continue to believe that North America has reached a high point in the cycle and, with the inversion of the yield curve, which is a good indicator of the possibility of a recession over the next 18 months, we will keep our negative view on the US.