Holcim shared its first-quarter performance, noting a good start to the year in North America.
Unfavorable weather conditions were, however, a factor for the company’s North American operations. Despite that, Holcim reported improved trading in March and closed on an acquisition of an aggregates business in the first quarter.
The company says market fundamentals in North America remain strong in the mid- and long-term, driven by infrastructure modernization and the onshoring of manufacturing. Holcim says it has now secured more than 230 infrastructure projects dating into 2028.
“Holcim achieved stable net sales in local currency year-over-year despite unfavorable weather conditions in North America,” says Miljan Gutovic, CEO of Holcim. “Our high-value strategy continues to deliver, with over-proportional recurring EBIT (earnings before interest and tax) growth and a sustained level of margin in the first quarter.
“Our disciplined M&A execution continued with five value-accretive acquisitions,” he adds. “These transactions will strengthen our aggregates and ready-mix businesses in Europe and North America, and our specialty building solutions in Latin America.”
Amrize, the future name of Holcim’s North American business, hosted its first investor day in New York. The company presented its business, growth strategy, capital allocation priorities and mid-term financial targets.
Amrize recently completed a $3.4 billion bond offering, which the company says received high investor demand. Holcim’s Amrize spinoff is expected to be completed by the end of the June.
“I am pleased to confirm the spin-off of Amrize is progressing well towards its expected listing in June,” Gutovic says. “With our proven resilient business model, we confirm our full-year 2025 guidance. We are well-positioned to navigate the current economic uncertainty with our local-for-local business.”
