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News Holcim publishes 2023 results

Holcim publishes 2023 results

Written by Global Cement staff 28 February 2024
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Switzerland: Holcim recorded a 7.5% drop in sales to US$30.6bn in 2023, ‘largely’ due to its divestment of its cement businesses in India and Brazil. On a like-for-like basis, its sales rose by 6.1%. The group’s earnings before interest and taxation (EBIT) rose by 0.2% to US$5.4bn, but by 15% like-for-like. It attributed this both to price rises and cost-saving measures in its cement and concrete operations. Net profit fell by 7.5% to €3.47bn, including a €1.7bn special gain from its Indian divestment. Holcim says that it implemented its Strategy 2025 – Accelerating Green Growth two years ahead of schedule.

Last modified on 28 February 2024
Published in Global Cement News
Tagged under
  • Holcim
  • Switzerland
  • Results
  • Sales
  • earnings before interest and taxation
  • GCW648
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