Holcim CEO discusses company’s first-quarter performance

By |  May 2, 2023

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Holcim noted that its aggregate business had a “strong start to the year” in North America upon releasing its report for the first quarter of 2023.

Holcim says it also experienced a strong start to the year in North America in ready-mixed concrete and cement, with strong market demand present in both the U.S. and Canada. Order books are strong, Holcim adds, and it closed on two acquisitions in aggregates.

Jan Jenisch, CEO of Holcim, offered perspective on the company’s performance and standing around the world.

“In Q1 2023, net sales grew organically by 8 percent and recurring EBIT (earnings before interest and tax) by 12 percent,” Jenisch says. “This profitable growth was led by strong performances across our building materials businesses.

“With strong underlying trends across all our businesses, we are confident we will close the full year strong,” he adds. “We are upgrading our guidance accordingly to achieve organic net sales growth of above 6 percent and organic recurring EBIT growth of above 10 percent, while delivering an industry-leading recurring EBIT margin of above 16 percent.”

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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