Holcim Reports Record-High Q3 Financial Results

Holcim has announced record earnings for Q3 2024, with a recurring EBIT of CHF 1,674 million and a margin of 23.5%. Net sales for the first nine months reached CHF 19,933 million, marking a 1.2% increase in local currency. The period saw Holcim bolster its market position with six acquisitions, reflecting a strategic focus on growth in Europe and Latin America.

Sustainability initiatives gained traction, with recycled materials increasing by 23% in ECOCycle® projects. Holcim also received a new EU grant for carbon capture innovation in France. A share buyback program of up to CHF 1 billion is underway, reinforcing commitments to shareholders.

Looking to 2024, Holcim aims for low single-digit sales growth and an EBIT margin increase above 18.5%. Plans to list its North American business in the U.S. remain on schedule for mid-2025.