LafargeHolcim 3Q Earnings Rose, Sales Fell -- Update
2019年10月25日 - 6:18PM
Dow Jones News
By Yifan Wang
LafargeHolcim Ltd. (LHN.EB) said Friday that its third-quarter
earnings rose, driven by strength in its North American and
European businesses, and it backed its guidance for the year.
The Swiss cement maker's recurring earnings before interest,
taxes, depreciation and amortization without the effects of the
IFRS 16 accounting standard was 1.88 billion Swiss francs ($1.90
billion), edging up from CHF1.87 billion in the year-earlier
period. Analysts estimated LafargeHolcim's Ebitda at CHF1.81
billion for the quarter, according to FactSet.
On a like-for-like basis, which accounts for divestments,
recurring Ebitda rose 6.4%.
The North American and European businesses achieved strong
performance because of volume growth and positive price momentum,
LafargeHolcim said.
Net sales fell 3.0% from a year earlier to CHF7.14 billion, the
company said. On a like-for-like basis, net sales were 4.9%
higher.
LafargeHolcim backed its guidance for the full year, expecting
net sales growth of 3%-5% and recurring Ebitda pre-IFRS 16 growth
of at least 5% on a like-for-like basis.
Sarah Sloat contributed to this article.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
October 25, 2019 05:03 ET (09:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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