Reported about 1 month ago
Holcim reported a third-quarter operating profit of 1.67 billion Swiss francs, surpassing analyst forecasts due to improved profit margins despite a 3% decline in sales to 7.12 billion francs. The company's profitability was bolstered by the sale of more profitable low carbon products and strategic acquisitions, as it continues to plan a spin-off of its North American business. Holcim confirmed its guidance for low single-digit sales growth and an increase in recurring operating profit.
Source: YAHOO