Switzerland: LafargeHolcim is expecting its sales growth to slow in 2019 but earnings to grow as its ‘Strategy 2022’ management plan takes shape. Net sales are forecast to grow by up to 6% year-on-year in 2018 yet by only 5% in 2019. However, recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) are predicted to rise by up to 5% in 2018 and then by at least 5% in 2019.
“With the recent divestment of our Indonesian 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," said chief executive officer (CEO) Jan Jenisch.
The group has made the forecasts as part of its Capital Markets Day taking place at Bardon Hill near Birmingham, UK.