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Annual results 2009
March 03, 2010
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- Tight cost and capacity management bear fruit in a difficult market environment.
- Like for like, the CHF 857 million reduction in fixed costs exceeds the goal of CHF 600 million.
- Strategic capacity expansion program continued.
- Higher operating EBITDA margin despite lower volumes in all segments in the second half.
- Compared with the previous year, significantly better financial results in the fourth quarter.
- Net income slightly below CHF 2 billion.
- Cash flow from operating activities increases to CHF 3.9 billion.
- Strong liquidity, lower net debt, balance sheet further strengthened.
- Proposal for an unchanged dividend payout ratio; cash dividend of CHF 1.50 per registered share.
- Non-binding advisory vote on the compensation report.
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Holcim Romania has a new Communications Manager
Bucharest, February 02, 2010
| | Bucharest, February 2, 2010 | |
Holcim supports ICRC field activities
January 28, 2010
| | The president of the International Committee of the Red Cross (ICRC), Jakob Kellenberger, and the CEO of Holcim Ltd, Markus Akermann, today signed a long-term agreement during the World Economic Forum meetings in Davos, Switzerland. As a new member of the ICRC Corporate Support Group, Holcim will fund humanitarian projects as part of its commitment to sustainable development. | |
Changes at Area Management level at Holcim Ltd
December 16, 2009
| | Bill Bolsover will retire from his position as Area Manager and member of the senior management of Holcim Ltd at the end of March 2010. In 2006, he was appointed CEO of Aggregate Industries Ltd with activities in the UK and the US. At Holcim Group level, he was also in charge of the corporate function Aggregates & Construction Materials Services. The Executive Committee would like to thank Bill Bolsover for his valuable contribution to the Group. In 2010, Bill Bolsover will be elected Chairman of the Board of Directors of Aggregate Industries UK and will remain member of the Board of Directors of Aggregate Industries US.
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Media Release Third Quarter 2009
November 11, 2009
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- Holcim reacted quickly and decisively to the macroeconomic environment:
- In markets with weak demand, capacity in all segments was shut down; approximately 10 million tonnes in the cement segment
- Fixed costs were reduced by CHF 573 million from January to September
- Net income like-for-like increased by 13.7 percent in the third quarter despite lower sales volumes
- Operating EBITDA margin increased to 25.8 percent in the third quarter
- Cash flow from operating activities significantly increased and free cash flow doubled
- The strategic expansion program with a focus on emerging markets continues as planned
- Acquisition in Australia strengthens Holcim in an attractive market
- The Group will start the new financial year from a strong position and grow again
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Holcim has completed an investment of EUR 11.5 million
Bucharest, October 01, 2009
| | Today, Holcim has launched a new cement terminal in Progresul Bucharest after an 11.5 million euro investment. The new terminal has increased the storage capacity at 6,000 tons and the delivery capacity from 60,000 tones /year to 400,000 tones /year. | |
Acquisition of Cemex Australia successfully completed
October 01, 2009
| | After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per October 1, 2009. The new Group company, which now trades under the name Holcim (Australia) Pty Ltd, is being fully consolidated as of that date. It continues to operate under the leadership of its proven management team. | |
Changes within the Executive Committee and Senior Management of Holcim Ltd
September 29, 2009
| | Ian Thackwray, currently CEO of Holcim Philippines, has been appointed a Member of the Executive Committee by the Board of Directors of Holcim Ltd. He will join the Execu-tive Committee at the beginning of 2010 and commence to make himself familiar with the regional responsibility of Executive Committee Member Tom Clough. With effect from July 1, 2010, he will succeed Tom Clough, who will be retiring. The area of responsibility spans the companies in East Asia, including China, the Philippines and Oceania and South and East Africa. | |
Media Release Half-Year 2009
August 20, 2009
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- Due to its strong presence in growth markets, Holcim performed well in a difficult economic environment and significantly increased its cash flow
- Robust organic growth in Asia Pacific, Latin America and Africa Middle East in the second quarter
- At 24.8 percent in the second quarter, operating EBITDA margin exceeds previous year’s 23.8 percent
- Strong balance sheet and sound liquidity
- Based on the successful cost management, the target for fixed costs reduction in 2009 has been increased from CHF 375 million to CHF 600 million
- Asia will continue to grow and Latin America and Africa Middle East are also likely to follow favorable trends; in Europe and North America, the stimulus programs will have a positive impact on demand building up gradually over the next year
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Top Sustainable Construction Projects
June 10, 2009
| | The four winning projects at Global Holcim Awards offer ingenious solutions to reduce pollution of a river, rehabilitation of historic centers, land reclamation, or lower electricity consumption. | |
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