Decent Second Quarter, but Long-Term Outlook Still Weighs on LafargeHolcim’s Potential Upside
ÂLafargeHolcim reported a decent second quarter, with like-for-like net sales growth of 3.6% and adjusted operating EBITDA growth of 10.1%. Margin expanded 150 basis points stemming from better prices and controlled costs. As a result of weaker-than-expected demand growth through the first six months of 2017, LafargeHolcim lowered its full year cement demand growth outlook to a range of 1% to 3%, down from 2% to 4%. On the positive side, the company continued to make progress on synergies and d...
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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