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| Holcim announces 1st quarter results Swiss cement company Holcim Ltd. has reported net income of CHF 195 million, which was a 62 percent decrease when compared to the same period last year. Net income attributable to equity holders of Holcim Ltd declined by an above-average 80 percent to CHF 74 million. With consolidated net sales of CHF 4.523 billion (-17.9 percent) operating EBITDA declined by 33.7 percent to CHF 763 million. The operating EBITDA margin reached 16.9 percent (first quarter 2008: 20.9). Cash flow from operating activities was negative in the first quarter as expected. However, at CHF -161 million, the previous year's level was only marginally missed despite the lower operating EBITDA. This was due to a vigorous focus on net current assets, particularly the efficient management of accounts receivables and the systematic reduction of inventory. write your comments about the article :: © 2009 Construction News :: home page |