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Holcim Lifts Guidance Again as Strong Demand Drives Profit Beat

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Holcim Lifts Guidance Again as Strong Demand Drives Profit Beat Holcim Ltd. raised its full-year guidance for the second time this year after robust demand for more sustainable building materials saw third-quarter profit beat expectations. The Swiss cement maker said Friday that it now sees full-year growth in recurring earnings before interest and taxes of up to 12%, from a previous estimate of 10%. Sales are forecast to increase by about 5%.

Holcim Lifts Guidance Again as Strong Demand Drives Profit Beat Holcim Ltd. raised its full-year guidance for the second time this year after robust demand for more sustainable building materials saw third-quarter profit beat expectations. The Swiss cement maker said Friday that it now sees full-year growth in recurring earnings before interest and taxes of up to 12%, from a previous estimate of 10%. Sales are forecast to increase by about 5%.
Holcim (PERSON) Swiss (ORG)
Originally published by Bloomberg Markets Read original →