LafargeHolcim is the world leader in construction materials including cement, aggregates and concrete.
Share capital 30/09/2016
Market value of investment 30/09/2016
Voting rights 30/09/2016
Representatives in statutory bodies 30/09/2016
LafargeHolcim, the product of the merger between Lafarge and Holcim, made official in July 2015, is the world leader in construction materials, with a balanced presence in 90 countries and activity in the cement, aggregates and concrete sectors. LafargeHolcim is the industry benchmark in R&D and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the group is best positioned to meet the challenges of increasing urbanisation.
GBL and LafargeHolcim
As Lafarge’s main shareholder since 2006, GBL has supported its strategy of global business development, in particular in emerging countries, and of promotion of innovation. In a context of economic slowdown in industrialised countries, in April 2014 GBL announced that it would support a merger between Lafarge and Holcim which led to the creation of a group at the forefront of the construction materials industry. GBL now supports LafargeHolcim’s management in the implementation of its medium-term operational objectives and targeted disposals plan. The proper execution of all these objectives should generate substantial shareholder value.
Half-year results 2016
- LafargeHolcim’s turnover decreased by 1% in organic terms and by 6% in reported ﬁgures, to CHF 13.3 billion
- Recurring EBITDA decreased by 3% in organic terms and by 7% in reported ﬁgures to CHF 2.5 billion, underpinned by a net improvement in the 2nd quarter (6% increase in organic terms, 3% in reported ﬁ gures) beneﬁting in particular from a favourable trend in prices as well as from the materialisation of synergies
- Net debt increased to CHF 18.1 billion compared to CHF 17.3 billion at 31 December 2015
- Already-secured disposals have exceeded the initial objective of CHF 3.5 billion for 2016. The objective has been raised to CHF 5.0 billion by the end of 2017
Outlook for 2016
LafargeHolcim expects to see a 1% to 3% increase in demand in its markets. Moreover, the group is forecasting:
i) high single-digit organic growth in recurring EBITDA supported by incremental synergies exceeding CHF 450 million;
ii) investments under CHF 2 billion;
iii) the ﬁnalisation of the initial programme for CHF 3.5 billion in disposals pursuant to the raised objective of securing CHF 5 billion by the end of 2017; and
iv) a reduction in net debt to approximately CHF 13 billion by the end of the year. The group also commits to retaining an Investment Grade rating and to returning excess cash to shareholders, in particular through a progressive dividend policy.
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