LafargeHolcim provides update on Strategy 2022 at Capital Markets Day

LafargeHolcim’s senior leaders provided an update on its Strategy 2022 ‘Building for Growth’ at Capital Markets Day at Bardon Hill quarry in the UK.

According to Jan Jenisch, LafargeHolcim’s CEO: “Our performance in 2018 shows that execution of Strategy 2022 – “Building for Growth’ is at full speed. We have simplified the organization and are ahead of target with our SG&A savings program. With the recent divestment of our Indonesia operations we reached a major milestone in focusing our portfolio which allowed us to accelerate deleveraging. At the same time we aggressively move forward in Aggregates and Ready-Mix Concrete. These results are strong proof points for our Strategy 2022 and we will continue delivering across all value drivers.”
The 2018 full year targets are confirmed as follows:

  • Net Sales growth of 4 to 6% on a like-for-like basis
  • Recurring EBITDA growth of 3 to 5% on a like-for-like basis

In 2019, the solid global market demand is expected to continue. As part of its full year targets 2019 the company expects:

  • Net Sales growth of 3 to 5% on a like-for-like basis, delivering target of Strategy 2022.
  • Recurring EBITDA growth of minimum 5% on a like-for-like basis, delivering target of Strategy 2022.
  • Accelerate deleveraging, achieve 2 times or lessNet Debt to Recurring EBITDA ratio by end of 2019.

Source

 

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