Holcim

Q1 6% ahead; guidance reiterated

  • Sectors : Building Materials
  • Companies : Holcim

Ratings and price correct at time of issue.

  • Holcim

    Closing Price: 7916chf

  • RATING 14/01/22

  • PREVIOUS RATING 20/04/20

    OUTPERFORM

DAVY VIEW

In the seasonally less important Q1, Holcim achieved a 6% beat relative to consensus on recurring EBIT. That the full-year guide – especially organic revenue growth of >4% and over-proportional recurring EBIT growth – has been reiterated is also positive and implies an acceleration in organic revenue growth from here.

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Apr 25 2024, 08:10 IST/BST

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