Momentum Continues in LafargeHolcim’s 1Q; Sells Asia-Pacific Assets at Favorable Price
LafargeHolcim provided a trading update that showed strong performance into the first quarter of 2019. On a like-for-like basis, net sales rose more than 6% and recurring EBITDA rose more than 20%. In addition, we were encouraged by the company’s progress on divestments in Indonesia, Malaysia, Singapore, and the Philippines. The company disclosed that it received about 21 times EV to EBITDA for its assets, much higher than multiples traditionally seen in the industry and reflecting the high grow...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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