LafargeHolcim announces five-year strategy

LafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring EBITDA growth of at least five per cent, improvement in free cash flow to over 40 per cent of EBITDA and increasing the return on invested capital to over eight per cent, according to Reuters.

The company also reported that it received a CHF3.8bn (US$4.04bn) impairment charge within the 4Q17, and as a result posted a net loss of CHF3.12bn for the period. Without the charge, net profit fell 31 per cent to CHF270m. However, revenue exceeded expectations and rose 2.7 per cent YoY to CHF6.7bn.