Despite strict lockdowns in major markets like France, Italy, Spain and India, LafargeHolcim managed to perform well, thanks to the tailwinds from raw material costs and its performance improvement in some markets. Management has an optimistic outlook for FY20 because the building sector is comparatively resilient to the pandemic and is expected to benefit from recovery plans, but we will stick to our current conservative assumptions until we see further visibility.
30 Apr 2020
Q1: raw material costs and SG&A savings as tailwinds
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Q1: raw material costs and SG&A savings as tailwinds
Despite strict lockdowns in major markets like France, Italy, Spain and India, LafargeHolcim managed to perform well, thanks to the tailwinds from raw material costs and its performance improvement in some markets. Management has an optimistic outlook for FY20 because the building sector is comparatively resilient to the pandemic and is expected to benefit from recovery plans, but we will stick to our current conservative assumptions until we see further visibility.