LafargeHolcim, a leading global building materials and solutions company serving masons, builders, architects and engineers all over the world, has announced second quarter 2018 results. Highlights for second quarter 2018 include:
- Strong revenue growth of 6.2% in Q2 and 4.8% in first half on a like-for-like basis
- Recurring EBITDA up 1.5% for Q2, -1.4% for first half on a like-for-like basis
- Full year 2018 targets confirmed
- On track to deliver Strategy 2022 – “Building for Growth”
Earnings improved with volumes in the United States accelerating throughout the first half of 2018 supported by positive market conditions as well as successful commercial initiatives, the company said.
Jan Jenisch, CEO of LafargeHolcim, said, “I am very satisfied with the sales growth we achieved in the first half of the year, especially as we gained momentum in the second quarter. Increasing energy prices and cost inflation have been challenging. Operational issues in some markets have been addressed and we expect to deliver increasing margins as we capture the upward trend in demand through the second half of 2018.”
“We remain focused on delivering Strategy 2022 – ‘Building for Growth.’ Recent bolt-on acquisitions in the United States and France demonstrate our focus on capturing the growth opportunities in our most attractive markets,” he continued. “The beneficial effects of simplification and cost reduction are also becoming more visible. We continue to focus on delivering our 2018 targets.”