LafargeHolcim’s first-quarter earnings double as sales rise in 2021
LafargeHolcim’s first-quarter consolidated net sales rose by 1 per cent year-on-year to Euro4.86bn in 2021 from Euro4.79bn in 2020. Its recurring earnings before interest and taxation (EBIT) doubled to Euro478m from Euro237m. Cement sales volumes grew by 5.5 per cent to 47.3Mt and ready-mixed concrete by 2.7 per cent to 10.1Mm3. The group said that it anticipates growth to accelerate in 2021. It expects to achieve its Strategy 2022 targets one year ahead of time.
During the quarter, the group concluded its acquisition of US-based Firestone Building Products and received an A1+ social, environmental and governance rating from UK-based Vigeo.