Holcim is reporting 7.4% organic net sales growth in the first half of 2023, 13.4% organic recurring EBIT growth, along with reduction of CO2 per net sales by 18%.
Jan Jenisch, chairman and CEO said, “I thank all members of the Holcim family for delivering excellent results in the first half of 2023. I am excited about our record EBIT margin in the second quarter, putting us well on track to deliver industry-leading margins in 2023. This confirms Holcim’s strong positions across all markets, delivering superior profitability and growth with leading sustainable building solutions and brands.
“Our excellent financial results, from net sales and recurring EBIT to our record earnings per share, confirm the strength of our strategy, with continued profitable expansion in the attractive North American market and accelerated green growth in Europe and Latin America. We continued the fast-paced execution of our transformation with 18 value-accretive acquisitions, continuing to expand our Solutions & Products business while strengthening our Aggregates and Ready-Mix segments,” he continued.
“In line with our ‘Strategy 2025 – Accelerating Green Growth,’,we reduced our overall CO2/net sales by 18% while building billion-dollar brands with ECOPact and ECOPlanet, Jenisch concluded. “It’s exciting to be at the forefront of decarbonizing Europe with three additional grants from the EU Innovation Fund for our Carbon Capture, Utilization and Storage projects, making us the first in our sector with five projects supported by the EU. We look forward to finishing the year strong and to further decarbonizing building.”
Holcim is continuing to expand in the “attractive North American market” on track to reach ~40% of group net sales for 2023, or around $12 billion (pro forma). As North America’s number-one in cement, number-two in commercial flat roofing and number-five in aggregates and ready-mix concrete, Holcim said it is best positioned for profitable growth.
Targeting new growth opportunities from the Infrastructure Investment & Jobs Act and the Inflation Reduction Act, Holcim has already secured more than 70 infrastructure projects for the 2023-2026 period to generate around 5% additional organic growth per year, benefitting all four business segments.
Holcim also continued to make progress in sustainability, reducing its CO2/net sales by 18% in the first half of 2023 compared to the full-year 2022, well positioned to outperform its target reduction of at least 10% for the full year.