Zug – Holcim has increased its operating result and net profit for 2023 year-on-year. With its record result, the Zug-based building materials group has already met its financial targets from Strategy 2025. Holcim is also well on track with the implementation of its sustainability targets.
Holcim generated sales of 27.01 billion Swiss francs in the 2023 financial year, the globally active Zug-based building materials group announced in a press release. This corresponds to a year-on-year decline of 7.5%. On an organic basis, however, growth of 6.1% was achieved.
Holcim reported a record recurring operating result at EBIT level of CHF 4.76 billion in the year under review. The corresponding margin rose from 16.3 percent to an “industry-leading” 17.6 percent, writes Holcim. At CHF 3.09 billion, Group profit before impairments and disposals was 39.3% higher than in 2022. “With record results in 2023, Holcim is stronger today than ever before,” said Jan Jenisch, Chairman of the Board of Directors and CEO of Holcim, in the press release. “We were able to implement our Strategy 2025 two years earlier than planned.”
Holcim can also point to successes in terms of sustainability. CO2 emissions in relation to sales in the reporting year were 20 percent lower than in the previous year. At 8.4 million tons, 24 percent more construction and demolition material was recycled than in the previous year. Six Holcim projects on carbon capture, utilization and storage are now registered for funding from the European Union’s Innovation Fund. In addition, Holcim’s low-emission cement ECOPlanet already accounted for 19 percent of Group-wide cement sales in 2023. In the previous year, the share was 7%. At the same time, the share of sales of low-emission ECOPact concrete in ready-mix concrete rose from 13 to 19 percent. ce/hs
