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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 liv ....
What s wrong and what s wrong is we humans are not logical. we are behaviorroll. noshl mall. what comes last gets ignored. old accounting, sales expenses saying profit. profit is last. wait until the end of the year and say i didn t make it this time maybe next time, but with sales minus profit equals expenses that s what i m suggesting. take your profit first. you assure profitability. i get it. okay. that s your point put profit first. basically say this is how much i want to make now i better make all of my expenses fit here. right. you actually have to reverse engineer your profitability. use the envelope system. i suspect that helps you on this. it was the old envelope system. my mother actually when she would get a check. cash it in put a portion into food, mort and so fo would go to food store, use the food envelope and tre was always enough money. ....