Holcim make strong start to 2010
HOLCIM Group have announced their results for the first quarter of 2010. Consolidated net sales of CHF4.7 billion (£2.8 billion) were reported, up 4.8% compared with the same period of 2010. Likewise, operating EBITDA rose by 19.1% to CHF909 million (£541 million).
Overall, the company performed well and achieved organic growth thanks to emerging markets, especially in Asia, where it has a strong presence. Consolidated cement sales increased by 4.4% to 31 million tonnes, while deliveries of aggregates and ready-mixed concrete rose substantially – by 17.5% to 29.5 million tonnes and 9.2% to 9.5 million cubic metres respectively
On the outlook for 2010, Holcim said the market trend in the Europe and North America markets remained uncertain and only over the coming months would it become clear whether the weak demand in the first quarter was due more to the hard winter or the general adverse economic conditions.
However, in Latin America, Africa and the Middle East, the company expects business to develop on a stable footing. Asia Pacific will remain on track for growth.
Overall, the company performed well and achieved organic growth thanks to emerging markets, especially in Asia, where it has a strong presence. Consolidated cement sales increased by 4.4% to 31 million tonnes, while deliveries of aggregates and ready-mixed concrete rose substantially – by 17.5% to 29.5 million tonnes and 9.2% to 9.5 million cubic metres respectively
On the outlook for 2010, Holcim said the market trend in the Europe and North America markets remained uncertain and only over the coming months would it become clear whether the weak demand in the first quarter was due more to the hard winter or the general adverse economic conditions.
However, in Latin America, Africa and the Middle East, the company expects business to develop on a stable footing. Asia Pacific will remain on track for growth.
