LafargeHolcim 1Q Earnings Rose; Sees Continued Momentum in 2019
15 Maio 2019 - 2:35AM
Dow Jones News
By Nathan Allen
LafargeHolcim Ltd. (LHN.EB) said Wednesday that earnings and
sales increased in the first quarter and that it expects the
positive momentum to continue through the year.
The Switzerland-listed cement maker said recurring earnings
before interest, taxes, depreciation and amortization rose to 920
million Swiss francs ($912.8 million) from CHF700 million a year
earlier.
Excluding the effects of the IFRS16 accounting standard,
recurring Ebitda was CHF809 million, LafargeHolcim said.
Sales rose to CHF5.96 billion from CHF5.83 billion, the company
said.
LafargeHolcim shrugged off concerns about global economic
growth, backing its 2019 guidance and striking a bullish tone on
its prospects for the rest of the year.
The company said it expects continued market growth in North
America and continued demand growth in Asia-Pacific and most
countries in Europe.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
May 15, 2019 01:20 ET (05:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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