LafargeHolcim sees net sales rise 7% in 1Q21 23 April 2021
LafargeHolcim recorded a record start to 2021, led by net sales improving by 7.4 per cent and an increase in recurring EBIT of 130.7 per cent compared to the prior year period, both on a like-for-like basis. Cement volumes grew by 5.6 per cent for the group and ready-mix concrete volumes increased by 2.2 per cent, while aggregates volumes decreased by four per cent, all on a like-for-like basis.
Cement sales totalled 47.3Mt compared to 44.9 per cent in the 1Q20. Aggregate sales totalled 48.5Mt, down 1.1 per cent from 49.1Mt in the 1Q20 and ready-mix concrete sales totalled 10.1Mm
LafargeHolcim Q1 Recurring EBIT Surges; To Meet Strategy 2022 Targets One Year In Advance
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LafargeHolcim s first-quarter earnings double as sales rise in 2021 - Cement industry news from Global Cement
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LafargeHolcim: Record Start to the Year
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LafargeHolcim is moving back towards its roots 09 April 2021
LafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the company s exposure to emerging markets while bolstering the finishing products arm of its business.
Following the drive towards urban markets
Leading building material companies have been on a restructuring pathway since the global financial crisis in 2008. The main directive of this trend for LafargeHolcim has been to lower its dependence on emerging market countries. As a result, emerging markets now represent a reduced 38 per cent of total company revenues. A further element was the need to improve LafargeHolcim s finishing products division, including roofing products. This area is less affected by tightening climate regulations and is seen as an area of growth which will benefit from the sustainable buildi