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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM (LHN)
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LafargeHolcim : wins contract for Afsluitdijk renovation project

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01/12/2019 | 03:45am EST

LafargeHolcim has been awarded a contract for the renovation of the Afsluitdijk, a sea defence infrastructure projects. The building materials company will use its Holcim Basalton Quattroblock concrete product to cover around 700,000m2 of the 32km long dam. In addition, LafargeHolcim has developed a logistics plan where materials are delivered by sea to avoid additional traffic on the dam. The total construction costs for the project is around Euro550m.

To support the project, LafargeHolcim is also investing in the expansion of its Dutch concrete products plant that is part of its Solutions & Products segment. When completed later in 2019, the expanded plant will be able to produce 1000t/day of concrete Quattroblocks for customers in the Netherlands, Belgium and Germany.

The Afsluitdijk upgrade is intended to enable the dyke to withstand a one in 10,000 year storm as well as provide protection against rising sea water levels. The project is led by the Levvel consortium comprising BAM, Van Oord and Rebel. Construction started at the end of 2018 and it is scheduled for completion in 2023.

(c) 2019 All material Times of Swaziland. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CHF)
Sales 2018 27 441 M
EBIT 2018 3 468 M
Net income 2018 1 639 M
Debt 2018 14 337 M
Yield 2018 4,57%
P/E ratio 2018 16,80
P/E ratio 2019 12,81
EV / Sales 2018 1,51x
EV / Sales 2019 1,42x
Capitalization 27 183 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 52,6  CHF
Spread / Average Target 17%
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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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