LafargeHolcim: record net income in 2019
(CercleFinance.com) - LafargeHolcim has publishes record net income for 2019, up 32% to 2.
07 billion Swiss francs, as well as a recurrent EBITDA margin (before IFRS 16) that is up 1.1 point at 23%.
The building materials supplier saw its revenues slip 2.7% as reported, to over 26.7 billion euros, although they rose 3.1% on a comparable basis, in particular boosted by higher prices on most of the group's markets.
The Franco-Swiss group will propose a dividend of two Swiss francs per share for 2019, and for 2020 expects sales growth of 3% to 5% on a comparable basis, as well as at least 7% growth in recurrent operating profit on a comparable basis.
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