Holcim achieves record profit
The globally active building materials group Holcim closed the third quarter of 2021 with a record high operating profit. Sales have also risen sharply.
Holcim was able to grow strongly in the third quarter of the current year, according to a press release . Net sales rose by 12.9 percent to 7.29 billion Swiss francs. Recurring operating profit (EBIT) rose 6.2 percent to 1.53 billion Swiss francs, setting a new record.
Holcim achieved strong growth in the North America region, for example. There, net sales rose in the third quarter by 27 percent to 2.3 billion francs. In the Middle East and Africa region, net sales rose by 8.5 percent to 653 million Swiss francs. In Latin America it rose by 8.4 percent to 675 million Swiss francs. Net sales in Europe climbed 8.4 percent to 2.15 billion, while those in the Asia-Pacific region rose 4.7 percent to 1.4 billion Swiss francs.
Holcim assumes that the dynamic growth will continue in all regions. Firestone Building Products, the acquisition closed in late March, has net sales expected to grow double-digit in 2021.
"The strategic reorganization of our portfolio is gaining momentum, with the divestment of our business in Brazil, the announcement of nine add-on acquisitions so far this year and the expansion of our Firestone GacoFlex range from Mexico to Colombia and Ecuador," said CEO Jan Jenisch in the Quote message.