9th November 2005, 15:31, BBC
Holcim has improved significantly during the first three quarters of revenue and profit
The cement group Holcim increased its profit in the first nine months rose by over 70 percent. For the year, the Group is confident and is a good prospect of fiscal 2005. They benefit from good economic conditions in key growth markets, said the world's second largest cement company.
(Ap) The consolidated profit of Holcim increased in the first nine months of 2005 rose by 70.5% compared to 1.175 billion francs. The cement so that the company has exceeded analysts' expectations and made more profit after three quarters, as for the whole of last year.
Revenues grew by 34.0% in local currencies and by 35.3% to 13.425 billion francs. Operating EBITDA increased by 25.4% to 3.501 billion francs. Have contributed to this substantial increase despite higher energy and transportation costs and tougher price pressure, four out of five Group regions, it is said in the statement of Holcim.
High growth rate in North America
These include the Group regions North America (62.4%), Africa, Middle East (up 34.3%), Europe (up 28.1%) and Asia Pacific (+12.9%), while Ebitda in the company Latin America remained stable.
