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| Holcim achieved financial records in 2006  Cement giant Holcim Ltd. today announced a full year operating EBITDA result of CHF 6.086 billion (2005: 4.627) on net sales of CHF 23.969 billion (2005: 18.468). Consolidated operating profit increased by 32.2 percent to CHF 4.385 billion (2005: 3.316). Cash flow from operating activities also reached a significantly higher level at CHF 4.423 billion (2005: 3.405). Net income increased 39.2 percent to CHF 2.104 billion (2004: 1.511). In 2006, the Swiss company spent CHF 2.054 billion net (2005: 4.853) on acquisitions, mainly in connection with the strengthening of the commitment in India and the acquisition of Meyer Material Company and Foster Yeoman. CHF 2.327 billion net (2005: 1.486) was invested in production and other fixed assets. Major expansion projects are currently under way in the US, India, Morocco, Romania, Bulgaria and France. Investments in rationalization, environmental measures and safety at work amounted to CHF 1.282 billion (2005: 1.011).In 2007, the construction sector in the emerging markets of Eastern Europe, Latin America and Asia will continue to enjoy significant growth, Holcim said in a statement. In the mature markets of Europe and North America, Holcim can also look forward to a solid development overall. write your comments about the article :: © 2007 Construction News :: home page |