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Media Release Third Quarter 2009
- Holcim reacted quickly and decisively to the macroeconomic environment:
- In markets with weak demand, capacity in all segments was shut down; approximately 10 million tonnes in the cement segment
- Fixed costs were reduced by CHF 573 million from January to September
- Net income like-for-like increased by 13.7 percent in the third quarter despite lower sales volumes
- Operating EBITDA margin increased to 25.8 percent in the third quarter
- Cash flow from operating activities significantly increased and free cash flow doubled
- The strategic expansion program with a focus on emerging markets continues as planned
- Acquisition in Australia strengthens Holcim in an attractive market
- The Group will start the new financial year from a strong position and grow again
Acquisition of Cemex Australia successfully completed
After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per October 1, 2009. The new Group company, which now trades under the name Holcim (Australia) Pty Ltd, is being fully consolidated as of that date. It continues to operate under the leadership of its proven management team.
Changes within the Executive Committee and Senior Management of Holcim Ltd
Ian Thackwray, currently CEO of Holcim Philippines, has been appointed a Member of the Executive Committee by the Board of Directors of Holcim Ltd. He will join the Execu-tive Committee at the beginning of 2010 and commence to make himself familiar with the regional responsibility of Executive Committee Member Tom Clough. With effect from July 1, 2010, he will succeed Tom Clough, who will be retiring. The area of responsibility spans the companies in East Asia, including China, the Philippines and Oceania and South and East Africa.
Media Release Half-Year 2009
- Due to its strong presence in growth markets, Holcim performed well in a difficult economic environment and significantly increased its cash flow
- Robust organic growth in Asia Pacific, Latin America and Africa Middle East in the second quarter
- At 24.8 percent in the second quarter, operating EBITDA margin exceeds previous year's 23.8 percent
- Strong balance sheet and sound liquidity
- Based on the successful cost management, the target for fixed costs reduction in 2009 has been increased from CHF 375 million to CHF 600 million
- Asia will continue to grow and Latin America and Africa Middle East are also likely to follow favorable trends; in Europe and North America, the stimulus programs will have a positive impact on demand building up gradually over the next year
World Environment Day, 5 June 2009
Holcim (Bulgaria) AD celebrated the World Environment Day by cleaning the picturesque spot "Chaika" in the area between the village of Zgorigrad and the Vratzata Pass near Vratza. The purpose of the event was to educate the participants in the methods of environment-friendly waste management and stimulate them to adopt a more sustainable and responsible attitude to their living environment.
