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Decline in building activity and increasing costs put pressure on income statement and lead to capacity adjustments. The balance sheet of Holcim remains strong.
November 12, 2008 -
- Holcim initiates cost-cutting measures and is planning to close plants in Spain and the US
Development on a like-for-like basis*:
- Cement deliveries increased by 0.7 percent and ready-mix concrete volumes grew by 7.4 percent; sales of aggregates fell by 7.4 percent
- Net sales appreciated by 6.6 percent
- Operating EBITDA decreased by 5.2 percent
- Adjusted to a non-recurring capital gain and special dividend in 2007, net income attributable to equity holders of Holcim Ltd decreased by 5.8 percent
- Against the backdrop of a slowing global economy, Holcim forecasts that internal operating EBITDA development excluding the planned closing costs will continue to weaken in the fourth quarter.
* Factoring out changes in the scope of consolidation and currency translation effects.
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Holcim (US) Announces Changes at Two Production Facilities
November 11, 2008 - Production stoppage and workforce reduction in response to economic conditions.
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Holcim is expanding into the rapidly growing building materials market in Azerbaijan – decision to build a new kiln line
September 25, 2008 - Holcim, through its Group company Garadagh Cement, has been producing and distributing cement in Azerbaijan since 1999. The Garadagh cement plant is located some 35 kilometers west of the capital, Baku, and its four small kiln units produce around 1.1 million tonnes of cement for the fast growing building materials market. Over the last four years, consumption of cement has increased by more than 65 percent and reached 3.2 million tonnes in 2007. Further strong growth is expected in the coming years as a result of the robust housing construction activities and major public infrastructure projects.
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Holcim to Donate 123 Acres for Park and Agriculture Center
Holcim (US) Inc., September 24, 2008 - Holcim to Donate 123 Acres for Park and Agriculture Center Following City Council’s Unanimous Approval of Project
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Holcim sets benchmark in sustainability again
September 10, 2008 - For the fourth year in succession, Holcim has been named "Leader of the Industry" in the Dow Jones Sustainability Index (DJSI) and once again acknowledged as the company with the best sustainability performance in the building materials industry.
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THREE HOLCIM (US) PLANTS EARN EPA’s ENERGY STAR
August 21, 2008 - Three Holcim (US) cement plants – Devil’s Slide in Morgan, Utah; Theodore in Theodore, Ala.; and Midlothian in Midlothian, Texas – have earned the U.S. Environmental Protection Agency’s (EPA) prestigious ENERGY STAR, the national symbol for protecting the environment through superior energy performance.
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Holcim produces solid results despite the difficult economic environment and a strong increase in energy prices.
August 21, 2008 -
Development on a like-for-like basis*:
- Cement deliveries increased by 3 percent and ready-mix concrete volumes grew by 9.9 percent; sales of aggregates fell by 6.9 percent
- Net sales appreciated by 8.2 percent
- Operating EBITDA decreased by 0.9 percent
- Adjusted to a non-recurring capital gain and special dividend of CHF 1.3 billion in 2007, net income attributable to equity holders of Holcim Ltd increased by
2.6 percent
- Holcim expects in 2008 to match its excellent previous-year result on a like-for-like basis on the level of operating EBITDA
* The scope of consolidation has undergone substantial changes. Holcim South Africa and Egyptian Cement are no more included in the result for the first half of 2008. Another factor which has negatively impacted earnings is the strength of the Swiss franc. The changes in the scope of consolidation and currency translation effects need to be factored out of any comparisons with the corresponding period of the previous year.
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The Group has achieved further organic growth. But the strong Swiss franc and expensive energy are having an impact.
May 06, 2008 -
- Group companies in South Africa and Egypt dropped out of the scope of consolidation; only like-for-like comparisons are meaningful
- Like-for-like cement and ready-mix concrete sales volumes increased by 4 percent and 11.7 percent respectively; aggregates sales reduced by 5.5 percent
- Like-for-like net sales appreciated by 7.4 percent
- Like-for-like operating EBITDA improved by 0.6 percent
- Net income attributable to equity holders of Holcim Ltd rose by 3.9 percent to CHF 370 million
- Internal operating EBITDA growth target for the full year 2008 remains unchanged
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Holcim Awards: Submissions From the U.S. Up 110 Percent
March 10, 2008 - Awards Spur Sustainable Planning Around the Globe
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Strong organic growth and record results
Proposal for substantial dividend increase
Sustainable development leadership widely recognized
February 27, 2008 -
- Net sales increase by 12.9 percent to CHF 27.1 billion
- Operating EBITDA improves by 13.9 percent to CHF 6.9 billion
- Operating profit increases by 14.6 percent to CHF 5 billion
- Net income rises 67.2 percent to CHF 4.5 billion; this includes
CHF 1.3 billion from the sale of a stake in South Africa
- Net income (attributable to equity holders of Holcim Ltd) increases
83.7 percent to CHF 3.9 billion; this corresponds to earnings per
dividend-bearing share of CHF 14.86
- Cash flow from operating activities 20.3 percent higher at
CHF 5.3 billion
- Proposal to raise dividend by 65 percent to CHF 3.30 gross per registered share
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