HALISTER: LafargeHolcim Cuts 2018 Ebitda Target, Sees Up to CHF1b Buybacks

LafargeHolcim Cuts 2018 Ebitda Target, Sees Up to CHF1b Buybacks

(Bloomberg) -- LafargeHolcim lowers 2018 adj. operating Ebitda target to EU7b from “at least CHF8b” (Nov. 2015), says target includes CHF200m additional cost savings.
  • Says targets adjusted to reflect scope of group, FX rates
  • Now expects cumulated operating FCF of CHF7.5b; maintains commitment to 2018 run rate capex of less than CHF2b, ROIC improvement of 300bps in 2018 vs 2015 level
  • Proposes CHF2/share dividend, sees up to CHF1b share buybacks over next 2 years
  • Comments in CMD statement
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
LHN VX (LafargeHolcim Ltd)

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