LafargeHolcim aggregate sales up slightly in latest report
Jenisch
LafargeHolcim’s second-quarter aggregate sales in North America were up 0.5 percent this year, totaling 30.5 million tonnes.
The company’s first-half North American aggregate production, meanwhile, is down 0.6 percent at 44.5 million tonnes.
Globally, LafargeHolcim’s sales of aggregate were down for both the first half and the first quarter. Still, the company’s revenue grew 6.2 percent in the second quarter. For the first six months, net sales grew 4.8 percent on a like-for-like basis.
“I am very satisfied with the sales growth we achieved in the first half of the year, especially as we gained momentum in the second quarter,” says Jan Jenisch, CEO of LafargeHolcim. “Increasing energy prices and cost inflation have been challenging. Operational issues in some markets have been addressed and we expect to deliver increasing margins as we capture the upward trend in demand through the second half of 2018.”
LafargeHolcim targets a 3 to 5 percent increase for its total 2018 net sales, as well as at least a 5 percent increase in its recurring earnings before interest, tax, depreciation and amortization on a like-for-like basis.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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