Holcim offered insights into its performance during the first half of 2023, sharing details about its North American operations while reporting financials on its global aggregate business.
According to Holcim, its U.S. and Canadian operations experienced strong demand in the second quarter of the year. Onshoring activities and energy sector investments underpinned growth, the company says.
Holcim’s net sales in North America to external customers during the second quarter increased 7.3 percent over the prior-year period, while recurring EBIT (up 7.3 percent) also grew. For the first half of the year, Holcim’s net sales in North America to external customers were up 11.4 percent while recurring EBIT was up 20 percent.
Net sales of aggregates were also up in the first half of 2023, gaining 7.2 percent over the prior-year period. Recurring EBIT of aggregates, meanwhile, was up 12.3 percent.
Companywide, Holcim says it achieved organic net sales growth of 7.4 percent in the first half of the year while establishing a record second-quarter EBIT margin of 2.1 percent.
“I am excited about our record EBIT margin in Q2, putting us well on track to deliver industry-leading margins in 2023,” says Jan Jenisch, chairman and CEO of Holcim. “This confirms Holcim’s strong positions across all markets, delivering superior profitability and growth with leading sustainable building solutions and brands.”
According to Holcim, North America continues to be a top-performing market for the company.
“Our excellent financial results, from net sales and recurring EBIT to our record earnings per share, confirm the strength of our strategy, with continued profitable expansion in the attractive North American market and accelerated green growth in Europe and Latin America,” Jenisch says. “We continued the fast-paced execution of our transformation with 18 value-accretive acquisitions, continuing to expand our solutions and products business while strengthening our aggregates and ready-mix segments.”
