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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM

(LHN)
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LafargeHolcim : 3Q Earnings Rose, Sales Fell -- Update

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10/25/2019 | 05:04am EST

By Yifan Wang

LafargeHolcim Ltd. (LHN.EB) said Friday that its third-quarter earnings rose, driven by strength in its North American and European businesses, and it backed its guidance for the year.

The Swiss cement maker's recurring earnings before interest, taxes, depreciation and amortization without the effects of the IFRS 16 accounting standard was 1.88 billion Swiss francs ($1.90 billion), edging up from CHF1.87 billion in the year-earlier period. Analysts estimated LafargeHolcim's Ebitda at CHF1.81 billion for the quarter, according to FactSet.

On a like-for-like basis, which accounts for divestments, recurring Ebitda rose 6.4%.

The North American and European businesses achieved strong performance because of volume growth and positive price momentum, LafargeHolcim said.

Net sales fell 3.0% from a year earlier to CHF7.14 billion, the company said. On a like-for-like basis, net sales were 4.9% higher.

LafargeHolcim backed its guidance for the full year, expecting net sales growth of 3%-5% and recurring Ebitda pre-IFRS 16 growth of at least 5% on a like-for-like basis.

Sarah Sloat contributed to this article.

Write to Yifan Wang at yifan.wang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LAFARGEHOLCIM 0.19% 51.82 Delayed Quote.27.70%
LHN LIMITED -6.25% 0.12 End-of-day quote.-25.93%
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Financials (CHF)
Sales 2019 26 873 M
EBIT 2019 4 093 M
Net income 2019 2 143 M
Debt 2019 9 949 M
Yield 2019 3,94%
P/E ratio 2019 14,6x
P/E ratio 2020 13,8x
EV / Sales2019 1,54x
EV / Sales2020 1,47x
Capitalization 31 361 M
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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 22
Average target price 57,02  CHF
Last Close Price 51,82  CHF
Spread / Highest target 38,4%
Spread / Average Target 10,0%
Spread / Lowest Target -8,34%
EPS Revisions
Managers
NameTitle
Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Géraldine Picaud Chief Financial Officer
Paul Guy B. Desmarais Independent Director
Óscar Fanjul Martín Vice Chairman
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