LafargeHolcim has made progress on synergies, but needs to do more to keep investors happy.
Following a disappointing first quarter, LafargeHolcim saw a nice turnaround in operations and acceleration in merger synergies during the second quarter of 2016. Although cement sales volume declined 3% on a like-for-like basis to 62.8 million tons, price increases, cost containment, and merger synergies helped boost operating EBITDA nonetheless. Excluding merger and restructuring charges, operating EBITDA grew to CHF 1.7 billion in the second quarter, a 3% growth over the prior year. Operating...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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