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Annual results 2009
March 03, 2010
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- Tight cost and capacity management bear fruit in a difficult market environment.
- Like for like, the CHF 857 million reduction in fixed costs exceeds the goal of CHF 600 million.
- Strategic capacity expansion program continued.
- Higher operating EBITDA margin despite lower volumes in all segments in the second half.
- Compared with the previous year, significantly better financial results in the fourth quarter.
- Net income slightly below CHF 2 billion.
- Cash flow from operating activities increases to CHF 3.9 billion.
- Strong liquidity, lower net debt, balance sheet further strengthened.
- Proposal for an unchanged dividend payout ratio; cash dividend of CHF 1.50 per registered share.
- Non-binding advisory vote on the compensation report.
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Holcim supports ICRC field activities
January 28, 2010
| | The president of the International Committee of the Red Cross (ICRC), Jakob Kellenberger, and the CEO of Holcim Ltd, Markus Akermann, today signed a long-term agreement during the World Economic Forum meetings in Davos, Switzerland. As a new member of the ICRC Corporate Support Group, Holcim will fund humanitarian projects as part of its commitment to sustainable development. | |
Changes at Area Management level at Holcim Ltd
December 16, 2009
| | Bill Bolsover will retire from his position as Area Manager and member of the senior management of Holcim Ltd at the end of March 2010. In 2006, he was appointed CEO of Aggregate Industries Ltd with activities in the UK and the US. At Holcim Group level, he was also in charge of the corporate function Aggregates & Construction Materials Services. The Executive Committee would like to thank Bill Bolsover for his valuable contribution to the Group. In 2010, Bill Bolsover will be elected Chairman of the Board of Directors of Aggregate Industries UK and will remain member of the Board of Directors of Aggregate Industries US.
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Media Release Third Quarter 2009
November 11, 2009
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- 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
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Dufferin Aggregates Raises $100,000 for Halton Hospitals Second Year in a Row
November 10, 2009
| | Holcim Canada Inc. unveiled today two Ready Mix Concrete Trucks with logos of 18 companies adorned on the drums of the trucks. As a result of this drum sponsorship program, Holcim Canada raised $100,000 for the second year in a row for Halton Hospitals. | |
Colborne and Holcim Canada Celebrate Anniversaries
October 03, 2009
| Colborne Receives New Landmark
Holcim Canada today announced the dedication of a town clock to mark the 150th anniversary of the incorporation of the Village of Colborne and the 50th anniversary of Holcim Canada’s operations at the Ogden Point Quarry. | |
Acquisition of Cemex Australia successfully completed
October 01, 2009
| | 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
September 29, 2009
| | 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
August 20, 2009
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- 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
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Dufferin Concrete Hosts Markham Plant Open House
June 15, 2009
| | Dufferin Concrete invited customers, vendors, community members and local officials to an Open House at the new ready-mix concrete plant on Woodbine Avenue in Markham. Mayor Frank Scarpitti honored the guest from the community at the Open House and officially inaugurated the plant’s opening with the ribbon cutting ceremony. | |
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