Holcim published results above market expectations. All regions delivered positive EBIT growth, except for APAC where the EBIT was down by 45% as the region was challenged by high inflation, with negative price over cost. Following this strong performance, particularly in North America and Solutions & Products, Holcim has again upgraded its guidance. Additionally it announced a share buyback of CHF2bn, thanks to >$7.3bn in proceeds from the recent divestments.
28 Oct 2022
Q3 22: yet another guidance upgrade
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Q3 22: yet another guidance upgrade
Holcim published results above market expectations. All regions delivered positive EBIT growth, except for APAC where the EBIT was down by 45% as the region was challenged by high inflation, with negative price over cost. Following this strong performance, particularly in North America and Solutions & Products, Holcim has again upgraded its guidance. Additionally it announced a share buyback of CHF2bn, thanks to >$7.3bn in proceeds from the recent divestments.