Holcim has published good Q1 results with sales up by 20% and EBIT up by 16% (5% and 38% above consensus respectively). However, the newly-acquired roofing businesses were the main contributors to growth and the lfl sales and EBIT growth stood at 11% and just 2% respectively.
For the full year, Holcim expects positive demand trends to continue in all regions and has also upgraded its guidance to top-line growth of 8% lfl (previously: 6%).
22 Apr 2022
Q1 22: scope effect drives growth
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Q1 22: scope effect drives growth
Holcim has published good Q1 results with sales up by 20% and EBIT up by 16% (5% and 38% above consensus respectively). However, the newly-acquired roofing businesses were the main contributors to growth and the lfl sales and EBIT growth stood at 11% and just 2% respectively.
For the full year, Holcim expects positive demand trends to continue in all regions and has also upgraded its guidance to top-line growth of 8% lfl (previously: 6%).