Holcim announces CHF 1bn share buyback due to better-than-expected Q4 earnings and record annual operating profit.
Building materials giant Holcim revealed a CHF 1bn ($1.14bn) share buyback by the end of the year following better-than-expected Q4 earnings, with a record annual operating profit boosted by efficiency gains and price increases. The company's higher profitability in 2023 was supported by 28 acquisitions and a focus on higher-margin businesses. Holcim sold its operations in Uganda, South Africa, and Tanzania while expanding its presence in North America.
February 28, 2024
5 Articles