Miljan Gutovic is Holcim’s chief executive officer. Image: Holcim
Holcim has had a strong series of financial results for the first half of the year, chief executive officer Miljan Gutovic has confirmed.
The company has delivered a record EBIT up +12.7 per cent in local currency, 10 per cent growth in EPS before impairment and divestments, 11 acquisitions and four divestments.
Gutovic thanked the efforts of Holcim’s employees for the results of the first half of 2024.
“With our deeply embedded performance culture, our teams focused on successfully meeting our customers’ needs,” he said.
“Our leading sustainable building solutions, from ECOPact low-carbon concrete, to Elevate energy-efficient roofing systems, position us as the partner of choice for large-scale projects like infrastructure and data centers.
“We delivered broad-based profitable growth in H1, achieving a superior earnings profile with a record recurring EBIT margin of 23.2 per cent in Q2, and are well on course to deliver free cash flow of above CHF 3 billion in 2024.
“With our track record of creating superior value across all market conditions and economic cycles, we are committed to another year of record results, capitalising on our markets’ strong fundamentals.”
Holcim has carried out a “disciplined” mergers and acquisitions strategy which has included 11 acquisitions as well as four divestments.
“Our disciplined M&A execution continued with 11 value-accretive acquisitions to accelerate circular construction and scale up our ECOCycle technology, while expanding Solutions & Products and strengthening our aggregates and ready-mix businesses,” Gutovic said.
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