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| Holcim announces Half Year financial results 2009 Holcim, the world's second-largest cement maker, said consolidated net sales for the first half of 2009 were down by 18.9 percent to CHF 10.1 billion. Operating EBITDA fell by 23.5 percent to CHF 2.1 billion. The corresponding margin amounted to 21.3 percent (first half of 2008: 22.5). However, in the second quarter, the operating EBITDA margin recovered to 24.8 percent (second quarter of 2008: 23.8). The predominantly stable pricing environment and the success of the cost reduction effort had a positive impact. Despite the lower operating EBITDA, cash flow from operating activities was significantly higher at CHF 805 million (first half of 2008: 664). Net income decreased by 41.2 percent to CHF 787 million. Net income attributable to equity holders of Holcim Ltd declined by 50.6 percent to CHF 527 million. Among other factors, this reflects the reduced contribution of Group region Europe. write your comments about the article :: © 2009 Construction News :: home page |