Holcim announces record results in 2023 and achieves its strategic objectives ahead of schedule

Holcim achieved exceptional performance in 2023 with net sales of CHF 27.009 billion, recurring EBIT of CHF 4.760 billion and a recurring EBIT margin of 17.6%, placing itself at the top of its industry. Free cash flow after leases amounts to CHF 3.705 billion. The company proposes to increase the dividend by 12% to reach CHF 2.80 per share, and announces a new share buyback program of CHF 1 billion for 2024.

CEO Jan Jenisch highlights the achievement of the 2025 strategy two years early, attributed to a performance culture and advanced solutions which now represent 30% of net turnover. Holcim reiterated its leadership in sustainability, reducing its CO2 emissions by 20% compared to the previous year, and increasing the amount of recycled demolition materials by 24%.

A focus on the most attractive markets, combined with a disciplined approach to M&A, has enabled Holcim to complete 97 value-creating transactions since 2018. For 2024, the company anticipates continued, sustained profitable growth by organic sales growth above 4% and an increase in recurring EBIT.