LafargeHolcim: H1 net income divided by three
(CercleFinance.com) - LafargeHolcim has published H1 2020 net income that has been divided by three (-65.
7%) to 347 million Swiss francs, or 0.55 Swiss franc per share, and a recurrent operating margin that is down 1.6 point at 11.2%.
The Franco-Swiss building materials supplier's sales fell by 18.1% as reported, to just under 10.7 billion Swiss francs (-10.8% on a comparable basis), a performance that it describes as "resilient".
Based on the speed of the rebound in June and with the rapid execution of its "health, cost & cash" plan, LafargeHolcim anticipates a "solid second half" and for FY 2020 aims to generate free cash flow of over two billion Swiss francs.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
7%) to 347 million Swiss francs, or 0.55 Swiss franc per share, and a recurrent operating margin that is down 1.6 point at 11.2%.
The Franco-Swiss building materials supplier's sales fell by 18.1% as reported, to just under 10.7 billion Swiss francs (-10.8% on a comparable basis), a performance that it describes as "resilient".
Based on the speed of the rebound in June and with the rapid execution of its "health, cost & cash" plan, LafargeHolcim anticipates a "solid second half" and for FY 2020 aims to generate free cash flow of over two billion Swiss francs.
Copyright (c) 2020 CercleFinance.com. All rights reserved.