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| Holcim reports 3Q results  Holcim's sales continued to increase in all group regions and segments in the first nine months of the year. Financial results also developed well. The global construction industry has lost momentum in some areas. Holcim succeeded in offsetting somewhat weaker demand in North America and several Asian countries with growth in other markets. Consolidated cement sales rose by 25.1 percent to 103.8 million tonnes in the period under review. Holcim achieved its largest volume increases in group regions Asia Pacific and Latin America.Consolidated net sales increased by 30.5 percent to CHF 17.514 billion. At CHF 4.489 billion (+28.2 percent), operating EBITDA was higher in all Group regions. The operating EBITDA margin improved to 26.5 percent (first nine months of 2005: 26.1) despite an increase in energy costs. Consolidated operating profit rose by 27.4 percent to CHF 3.281 billion, and cash flow from operating activities came to CHF 2.348 billion (first nine months of 2005: 1.864). Group net income was 43.2 percent higher at CHF 1.950 billion, and the share of net income attributable to equity holders of Holcim Ltd was CHF 1.505 billion, corresponding to an increase of 30.5 percent. write your comments about the article :: © 2006 Construction News :: home page |