The LafargeHolcim Cement Group confirms the goals of the current year as well as forecasts for the next 2019.
According to a press release on the Wednesday of Birmingham Capital Markets, the targets are part of the scope of the "Strategy 2022".
In addition, the company wants to accelerate debt reduction. Target value at the end of 2019 is a ratio of 2 or less to net financial debt to EBITDA.
In particular, the guidelines for 2018 provide for a comparable increase in net sales from 4 to 6 percent and a rebound of EBITDA of 3 to 5 percent in a comparable manner. In 2019, the sales target is plus 3 to 5 percent and EBITDA is at least 5 percent.
"Our results this year clearly show that we are vigorously implementing Strategy 2022 – Growth, Jan Jenisch, Executive Director quoted in the statement, LafargeHolcim has simplified organizational structures and plans to plan a company's austerity program.
"Selling our business in Indonesia has made us an important milestone, focusing on our portfolio and can continue to reduce debt," continued Jenisch. Significant progress has been made in aggregates and in the finished concrete sector.
At 12:00 the shares fluctuate 0.94 percent to 45.18 francs, after they had grown at the beginning of the trade.
In general, analysts feel that the announcements are pleasing. Bank Vontobel welcomes the fact that management already announces its goals for 2019. This shows the management's confidence in implementing the "2022" strategy, says analyst Bernd Pomrehn. In addition, he continues to regard the campaigns as attractive and therefore attracts purchasing suggestions.
ZKB also commented positively. CEO Jenisch wants to focus the company on the growth and agility created after the merger, so Martin Hüsler. Taking into account the long-term need for infrastructure in emerging markets and the economic development of Europe and North America, targeted growth must be possible.
JPMorgan sees its third quarter as a turning point since its inception since the start of the year. Market expectations could grow well, and there are quite a lot of managers with a relatively simple foundation between the current capital market day, the possible division and the expected results.
yr / kw
Zurich / Birmingham (awp)