LafargeHolcim reported FY20 results in line with our expectations. It saw demand recovery in all its markets and the trend is continuing in 2021 as well. Its COVID-19 action plan delivered CHF385m in fixed cost savings and will deliver further savings in 2021, which should offset the inflation in raw material prices. It generated a record-high FCF of CHF3.2bn resulting in a net debt leverage of only 1.4x.
LafargeHolcim proposed a dividend payment of CHF2/share.
26 Feb 2021
FY 20: confidently walking into 2021
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FY 20: confidently walking into 2021
LafargeHolcim reported FY20 results in line with our expectations. It saw demand recovery in all its markets and the trend is continuing in 2021 as well. Its COVID-19 action plan delivered CHF385m in fixed cost savings and will deliver further savings in 2021, which should offset the inflation in raw material prices. It generated a record-high FCF of CHF3.2bn resulting in a net debt leverage of only 1.4x.
LafargeHolcim proposed a dividend payment of CHF2/share.