Lafargeholcim 2Q Operating Ebitda Beats; Confirms 2016 Outlook
Source: BFW (Bloomberg First Word)
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LHN VX (LafargeHolcim Ltd)
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UUID: 7947283
(Bloomberg) -- LafargeHolcim 2Q net revenue falls 6.7% to CHF7.28b vs CHF7.62b est., down 2.1% on LFL basis.
Alert: HALISTER- 2Q operating Ebitda up 2.6% to CH1.71b vs CHF1.65b est.
- Confirms 2016 outlook
- CEO says without the effect of Nigeria, where its plants were affected by gas shortages, adjusted operating EBITDA would have increased by 13% in the quarter
- Says exceeded divestment targets, extending program to CHF5b
- Says macroeconomic risks continue to affect some markets, however, delivering on commitments and remains on track to achieve 2016 targets
Source: BFW (Bloomberg First Word)
Tickers
LHN VX (LafargeHolcim Ltd)
To de-activate this alert, click here
UUID: 7947283