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LafargeHolcim: Strong Momentum since Q4 & Record 2020 Free Cash Flow
Fast and disciplined execution of HEALTH, COST CASH action plan
Record 2020 Free Cash Flow generation of CHF 3,249m
Strong balance sheet with Net Debt leverage improved to 1.4x
A milestone in the transformation of LafargeHolcim with the acquisition of Firestone Building Products
At the forefront of sustainability with CDP Climate A List ranking
Good demand momentum in 2021
Regulatory News:
1,697
1 (CHFm)
3,249
-16.1
Jan Jenisch, CEO: 2020 was an unprecedented year for everyone, challenging us to be more resilient, while stepping up to take care of those around us. I sincerely thank everyone within LafargeHolcim for their strong contributions, enabling us to navigate these difficult times. I m extremely proud of how our teams mobilized to keep our people and operations safe, while going above and beyond to stand by our communities. Together we touched the lives of over six million people around th
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Jan Jenisch, CEO: “2020 was an unprecedented year for everyone, challenging us to be more resilient, while stepping up to take care of those around us. I sincerely thank everyone within LafargeHolcim for their strong contributions, enabling us to navigate these difficult times. I’m extremely proud of how our teams mobilised to keep our people and operations safe, while going above and beyond to stand by our communities. Together, we touched the lives of over six million people around the world this year.”
“This crisis has really proven the resilience of our strategy and business model. By Q4 we were back to growth, with a 1.5% increase in net sales and over-proportional Recurring EBIT of 14.1%. We are emerging stronger
LafargeHolcim consolidated sales and recurring earnings fall in 2020 Written by Global Cement staff
26 February 2021
Switzerland: LafargeHolcim’s consolidated net sales in 2020 were Euro21.1bn, down by 5.6% year-on-year on a like-for-like basis from Euro24.4bn in 2019. The group recorded recurring earnings before interest and taxation (EBIT) of Euro3.35bn, down by 2% from Euro3.74bn. Its cement sales fell to 190Mt, down by 7% from 208Mt. It noted an increase in bagged cement sales in emerging markets.
By region the group reported like-for-like growth in sales and earnings in Asia-Pacific driven by recovery in India and China despite weaknesses in the Philippines and Australia. Earnings rose despite falling sales in Europe, Latin America and North America with a resilient market noted in Central Europe and an ‘outstanding’ year reported in Latin America. Middle East Africa reported falling cement demand and adverse marke
LafargeHolcim FY20 net sales dip to CHF23,142m
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