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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM

(LHN)
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LafargeHolcim 1st Half Profit Rose Strongly, Sales Fell

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07/31/2019 | 01:44am EDT

By Kim Richters

LafargeHolcim Ltd. (LHN.EB) said Wednesday that earnings rose strongly in the first-half but sales slightly fell.

The Swiss cement maker reported a net profit of 1.01 billion Swiss francs ($1.02 billion) for the first six months of the year, compared with CHF318 million a year earlier. Net income before impairments and divestments was CHF780 million, up from 371 million.

Sales fell to CHF13.06 billion from CHF13.27 billion, the company said. On like-for-like basis, net sales grew 3.5%.

While regional performance in Europe was supported by "good market dynamics," net sales in North America were hit by weather and flooding, the company said.

LafargeHolcim's recurring earnings before interest, taxes, depreciation and amortization without the effects of the IFRS16 accounting standard edged up to CHF2.66 billion from CHF2.48 billion.

The company backed its guidance for the full year, expecting net sales growth of 3%-5% and a recurring Ebitda pre-IFRS16 growth of at least 5% on like-for-like basis.

"Our financial discipline resulted in strong progress in cash flow and a significant reduction in debt," LafargeHolcim Chief Executive Jan Jenisch said.

Write to Kim Richters at kim.richters@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ACC LTD -0.06% 1490.7 End-of-day quote.-1.15%
AMBUJA CEMENTS 0.75% 195.8 End-of-day quote.-13.02%
LAFARGEHOLCIM 0.29% 45 Real-time Quote.25.23%
LAFARGEHOLCIM -0.48% 49.3 Delayed Quote.22.30%
LHN LTD 0.00% 0.12 End-of-day quote.-25.93%
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Financials (CHF)
Sales 2019 27 247 M
EBIT 2019 4 097 M
Net income 2019 2 257 M
Debt 2019 10 101 M
Yield 2019 4,06%
P/E ratio 2019 13,2x
P/E ratio 2020 12,8x
EV / Sales2019 1,47x
EV / Sales2020 1,39x
Capitalization 29 975 M
Chart LAFARGEHOLCIM
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Technical analysis trends LAFARGEHOLCIM
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 56,12  CHF
Last Close Price 49,53  CHF
Spread / Highest target 41,3%
Spread / Average Target 13,3%
Spread / Lowest Target -5,11%
EPS Revisions
Managers
NameTitle
Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Géraldine Picaud Chief Financial Officer
Heike Faulhammer Group Head-Research & Development
Bertrand P. Collomb Independent Director
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