LafargeHolcim On Track for Moderate 2017 EBITDA Growth After 3Q, While New CEO Weighs Strategy Shift
LafargeHolcim reported third-quarter results with like-for-like net sales growth of 4% and adjusted operating EBITDA growth of 6%. In the year to date, operating EBITDA has grown 12% on a like-for-like basis. The company lowered its Middle East Africa cement volume outlook for 2017, but maintained all other regions. Globally, the company continues to expect cement growth of 1%-3%.Amid the company’s decent performance, the company lowered its operating EBITDA growth forecast for 2017. The compa...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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