Holcim published a good set of results, with EBIT roughly in line, but revenues slightly below market estimates. Growth was driven by the lightweight materials segment where Holcim sees further growth potential. FCF was below CHF3bn due to a litigation cost, however the company still managed to reduce its net debt/EBITDA ratio to 0.9x thanks to divestments. The group proposes a dividend payment of CHF2.5/share, an increment of 14%.
25 Feb 2023
FY22: A successful green transformation
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FY22: A successful green transformation
Holcim published a good set of results, with EBIT roughly in line, but revenues slightly below market estimates. Growth was driven by the lightweight materials segment where Holcim sees further growth potential. FCF was below CHF3bn due to a litigation cost, however the company still managed to reduce its net debt/EBITDA ratio to 0.9x thanks to divestments. The group proposes a dividend payment of CHF2.5/share, an increment of 14%.