Holcim has released its 4Q24 and full-year 2024 results. Full-year net sales in 2024 reached CHF26,407m (US$29,291m), up 1.3 per cent in local currency compared to the prior year. Recurring EBIT reached a record CHF5049m for 2024, up 10.8 per cent in local currency compared to 2023.
Net sales of cement in the 2024 totalled CHF113,159m, up 0.6 per cent YoY. Net aggregate sales reached CHF4335m, up 0.2 per cent YoY, while ready-mix sales totalled CHF5601m, down four per cent YoY.
In North America, Holcim delivered double-digit local currency growth in recurring EBIT to a record CHF1624m in challenging market conditions. Net sales to external customers fell 5.2 per cent to CHF6360m from CHF6711m in 2023.
Latin America saw net sales total CHF2882m, up 0.7 per cent YoY, but European sales slipped by 0.1 per cent to CHF7198m when compared with 2023. Asia, Middle East and Africa recorded net sales of CHF3612m, up 3.2 per cent YoY.
Meanwhile, the Solutions and Products group had net sales of CHF5915m, up 7.4 per cent YoY.
4Q24 results
In the 4Q24, recurring EBIT rose 9.9 per cent in local currency compared to the prior-year period to reach a record CHF1165m. Fourth-quarter net sales of CHF6,473m rose 1.6 per cent in local currency versus the 4Q23.
Miljan Gutovic, Holcim's CEO, said: “I thank all members of the Holcim family for delivering record performance in 2024. Executing on our strategic priorities, Holcim achieved record results across all key financial metrics, from recurring EBIT above CHF5bn for the first time, to free cash flow of CHF3.8bn.
“During 2024, we further expanded our industry-leading EBIT margin to 19.1 per cent driven by our differentiated value strategy. Our advanced branded solutions meeting our customers’ most ambitious needs, from ECOPact and ECOPlanet to Elevate, grew to 36 per cent of total net sales. Decarbonisation and circular construction continued to drive profitable growth, with a 20 per cent rise in recycled construction demolition materials to above 10Mt. We continued our momentum in value-accretive M&A, closing 27 transactions to grow in the most attractive markets."
