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| Holcim reports 2007 results World number-one cement maker Holcim had another record year in 2007. This is demonstrated by strong internal operating EBITDA growth of 10.8 percent and a marked improvement in net income. Based on the good results, the Board of Directors will be proposing to the annual general meeting on May 7, 2008, that the gross dividend be increased from CHF 2.00 to CHF 3.30 per registered share. Therewith, the goal of a payout ratio of one third of net income attributable to equity holders of Holcim Ltd set in 2003 is achieved. Cement deliveries increased to 149.6 million tonnes (2006: 140.7). Operating EBITDA reached CHF 6.930 billion (2006: 6.086) on net sales of CHF 27.052 billion (2006: 23.969). In 2007, Holcim spent CHF 2.277 billion net (2006: 2.054) on financial investments, mainly in connection with the minority buyout of St. Lawrence Cement in Canada and the strengthening of the shareholdings in the two Indian Group companies. In 2008, Holcim is expecting to again reach its long-term growth target of 5 percent in internal operating EBITDA. write your comments about the article :: © 2008 Construction News :: home page |