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Holcim's first results after North America spinoff beat profit expectations

Holcim announced better than expected recurring operating profits during its second-quarter results on Thursday. This was the first time the building materials manufacturer has reported its North American operations separately.

The Swiss manufacturer of cement and roofing products posted an operating profit of 955 millions Swiss Francs ($1.17billion) in the three-month period ending June.

The 944 million francs figure from a year ago was up 1.2%, beating consensus expectations of 929 million.

Sales dropped 3.8%, to 4,18 billion Swiss francs. This was slightly lower than forecasts of 4,19 billion Swiss francs.

The decrease was due to the strength of the Swiss Franc, which lowered the value of sales in other currencies. It also reflected Holcim's divestment from its businesses in Kenya Tanzania Uganda and South Africa.

In local currency, net sales are 2.4% higher and operating profit is 9.8% higher.

These figures are the first Holcim published since its North American division was separated into Amrize, a separate company.

June 23

Holcim's first 2025 guidance as a stand-alone business said that it expects its operating profit to increase by 6-10% in local currency.

The company also forecasted a 3-5% increase in sales in local currency. Reporting by John Revill and Editing by Miranda Murray.

(source: Reuters)