Company delivers record results across all key financial metrics; Next step in growth and value creation on track
HOLCIM recorded a record performance in 2024 with full-year net sales of CHF26.4 billion for the year ended 31 December, up 1.3% in local currency compared with the prior year. Recurring EBIT reached a record CHF5.05 billion for 2024, up 10.8% compared with the prior year, and recurring EBIT margin expanded by 150 basis points to a record 19.1%.
Portfolio optimization through value-accretive mergers and acquisition continued last year, with 27 transactions focused on the most attractive markets. Holcim closed five additional bolt-ons in the fourth-quarter, with acquisitions in Bulgaria, Croatia, and France, as well as two in Switzerland.
Holcim are also on track to unlock new value for all stakeholders with the planned full capital market separation of their North American business, to be named Amrize, planned by way of a 100% spin-off. Amrize have today publicly filed their Form 10 registration statement with the US Securities and Exchange Commission.
Holcim’s board of directors appointed Jan Jenisch as designated chairman and chief executive officer of Amrize, along with nine designated independent directors of Amrize’s board. Amrize will be listed on the New York Stock Exchange (NYSE) with an additional listing on the SIX Swiss Exchange.
Holcim plan to host an Investor Day for Amrize on 25 March 2025 in New York City and for Holcim on 28 March 2025 in Zurich. At these two dedicated events, investors will have the opportunity to learn more about both companies’ distinct strategies, capital structures, capital allocation priorities, and financial targets.
Holcim shareholders will vote on this next step in growth and value creation at Holcim’s Annual General Meeting on 14 May 2025, with the listing of Amrize expected on the NYSE and SIX by the end of the first half of 2025.
Holcim chief executive officer Miljan Gutovic 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 CHF5 billion for the first time, to free cash flow of CHF3.8 billion.
‘During 2024, we further expanded our industry-leading EBIT margin to 19.1%, driven by our differentiated value strategy. The next step in our growth and value creation is on track, with the planned listing of our North American business expected to occur by the end of the first half of 2025.
‘With a strong outlook across all business segments, we are well positioned for 2025 and I am confident we will deliver another year of profitable growth.’
