LafargeHolcim's Strategy 2022 Plan Underwhelms Relative to Expectations From the Original Merger
After a slow start to 2018, LafargeHolcim saw better results during the second quarter. For the quarter, like-for-like revenue growth was 6.2% and recurring EBITDA growth was 1.5% compared with the prior year, as the company shook off declines from the first quarter. Most regions saw improvement with the exception of Middle East Africa, where like-for-like EBITDA declined a massive 36% over the prior-year quarter. Challenging market conditions are likely to weigh on the region at least in the ne...LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
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