Wednesday , April 14 2021

LafargeHolcim Confirms Goals on the Capital Market Day – Volatile Share | 28/11/18

The cement group LafargeHolcim confirmed the targets of this year and the projections for the coming year 2019.

The expectations will be on Wednesday as part of the d 2022 Strategy ü target, according to the press release on the occasion of the Capital Market Day in Birmingham.

In addition, the company wants to speed up debt reduction. The target value at the end of 2019 is 2 or less factors in the ratio of net financial debts to the recurring EBITDA.

In particular, guidance on the 2018 current year envisages a growth of 4 to 6% in net sales on a similar basis and a growth of 3 to 5 percent on a similar basis in the recurring EBITDA. For 2019, sales targets plus 3 to 5 percent and EBITDA are at least 5 percent.

. Our results this year make clear that we've been diligently implementing the Building for Strategy 2022 ve, says CEO Jan Jenisch.

"With the sale of our business in Indonesia, we have reached an important turning point in focusing our portfolio and we are able to continue to reduce our debt." Significant progress has been made in aggregates and ready-mixed concrete sectors.

At 12.00 hrs, stocks increased by 0.94% to 45.18 francs.

In general, analysts consider statements as satisfactory. Bank Vontobel welcomes the fact that the management has already informed the 2019 objectives. Analyst Bernd Pomrehn demonstrates the confidence of management in the implementation of "Strategy 2022". In addition, it continues to see shares as an attractive value and therefore adheres to purchasing advice.

Positive comments at ZKB. CEO Jenisch wants the company to focus more on growth and agility after the merger, so Martin Hüsler. Given the long-term infrastructure needs in developing markets and economic winds in Europe and North America, targeted growth should be possible.

Since the beginning of the year, JPMorgan saw the third quarter as a turning point after a weak performance. Market expectations may rise and there are some drivers with a fairly simple basis for benchmarking between the current capital market day, possible divestments and future results.

year / kw

Zurich / Birmingham (awp)

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