Ellinikon project in Athens, Greece, built with ECOPlanet low carbon cement
Q1 2024
TRADING UPDATE
JAN JENISCH - CHAIRMAN AND CEO | STEFFEN KINDLER - CFO | MILJAN GUTOVIC - CEO DESIGNATE
APRIL 25, 2024
01.
HIGHLIGHTS AND KEY DEVELOPMENTS
JAN JENISCH | CHAIRMAN AND CEO
Wood Wharf, London, UK
Built with ECOPact with construction demolition materials inside
Q1 2024 HIGHLIGHTS
STRONG START TO THE YEAR
Net Sales of CHF 5,586 million
+3.4% growth in local currency
Over proportional recurring EBIT growth of
+17.1% in local currency and +7.8% in CHF
Profitable growth continues in 2024,
Margin expansion of +0.9pp
3
Strong contribution from Solutions & Products; Roofing sales up 67%
Continued M&A execution with 5 acquisitions and 4 divestments
Guidance 2024 confirmed
GROWTH MOMENTUM CONTINUES IN 2024
PROFITABLE GROWTH MORE THAN OFFSETTING STRONG CHF
RECURRING EBIT GROWTH
Q4 2023 vs Q4 2022 | Q1 2024 vs Q1 2023 |
18.3%
17.1%
8.7%
7.8%
L o c a l C u r r e n c y | C H F | L o c a l C u r r e n c y | C H F |
+1.0pp margin expansion | +0.9pp margin expansion |
4
Roche Towers, Basel, Switzerland
Built with Holcim special cement solution
VALUE ACCRETIVE AND DISCIPLINED M&A
CONTINUED M&A EXECUTION WITH 5 ACQUISITIONS, 4 DIVESTMENTS
ACQUISITION OF
5 FAMILY-OWNED BUSINESSES
Solutions & Products
ZinCo | Tensolite |
Germany | Green | Argentina | Precast |
roofing systems |
Aggregates & Ready-mix
Mendiger Basalt | Cand-Landi | |||
Germany | AGG, | Switzerland | CDM | |||
CDM | ||||
RioMix
Mexico | RMX
4 DIVESTMENTS CLOSED
• Uganda
• Tanzania
• South Africa
• Russia
+3.4% net contribution to Net Sales in Q1 2024
from M&A
5
ACCELERATING ADVANCED BRANDED SOLUTIONS
LEADING IN SUSTAINABILITY
- "One-Billion"Brand in 2023
26% of Ready-Mix Net Sales
in Q1 2024 (Q1 2023: 16%)
3rd Climate
Report
Accelerating
Climate Action
Giving shareholders a say on Holcim's climate strategy
- "Two-Billion"Brand in 2023
26% of Cement Net Sales
in Q1 2024 (Q1 2023: 16%)
CONet2Salesper
Reduction of 5% vs Q1 2023
Decarbonization driving profitable growth
New Salt Lake City plant
Increasing capacity with state-of-the-art insulation board production
CCUS
Project
Groundbreaking
Carbon2Business project in Lägerdorf
Capturing and utilizing 1.2 Mt of CO2 per annum by 2029
6
02.
FINANCIAL
HIGHLIGHTS
STEFFEN KINDLER | CHIEF FINANCIAL OFFICER
Marina de Marseille, Marseille, France
Built with ECOPlanet with calcined clay inside
GROWTH MOMENTUM CONTINUES IN 2024
CONTINUOUS INCREASE IN PROFITABILITY
RECURRING EBIT GROWTH IN LOCAL CURRENCY
VS PRIOR YEAR PERIOD
18.3%
17.1%
13.3%
6.9%
Q 2 2 3 | Q 3 2 3 | Q 4 2 3 | Q 1 2 4 |
Georgetown Residence 55 H Street, Washington, USA | |
Built with ECOPact and contributed to the building's | |
8 | LEED® Platinum status |
Q1 2024 NET SALES BRIDGE
3.4% GROWTH IN LOCAL CURRENCY
CHF m
5'725
+3.4%
in LC
1 | ||
192 | -332 | 5'586 |
Q1 2023 | Acquisitions & Divestments | Organic Growth | FX | Q1 2024 |
+3.4%+0%
9
Q1 2024 RECURRING EBIT BRIDGE
17.1% GROWTH IN LOCAL CURRENCY
CHF m | +17.1% | |||||||||||||
in LC | 532 | |||||||||||||
493 | 4 | 80 | -46 | |||||||||||
Q1 2023 | Acquisitions & Divestments | Organic Growth | FX | Q1 2024 |
+0.8%+16.3%
10
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Holcim AG published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 07:14:25 UTC.