Record financial results with net sales up 12.9%, recurring EBIT up 7.2% and 9.5% ROIC
IN their full-year results for the 12 months ended 31 December 2022, Holcim highlight their record financial performance and strong progress on portfolio transformation, which included 13 bolt-on acquisitions and four divestments in aggregates and ready-mixed concrete.
Net sales of CHF29,189 million for 2022 were up 12.9% on a like-for-like basis, compared with the previous year (2021: CHF26,834), whilst recurring EBIT reached a record CHF4,752 million for 2022, up 7.2% on a like-for-like basis compared with 2021 (CHF4,612).
Holcim’s net financial debt was CHF6,032 million at the end of 2022 for a record-low leverage ratio of 0.9x, whilst the Group’s return on invested capital (ROIC) for 2022 was 9.5%, in line with the company’s Strategy 2025 target of 10%.
Chief executive officer Jan Jenisch commented: ‘2022 was a record year for Holcim. My sincere thanks go to our 60,000 colleagues worldwide who made this possible. They delivered record performance, navigating challenges from geopolitical uncertainty to inflationary pressure, to keep our customers running at all times.’
Noting that Holcim have never been stronger, Mr Jenisch continued: ‘In 2022, we delivered record financial results with CHF29.2 billion in net sales, CHF4.8 billion in recurring EBIT, 9.5% ROIC and a record leverage ratio of 0.9x. This gives us the freedom to invest in our future and further accelerate green growth with continued acquisitions and the ongoing decarbonization and digitalization of our operations.
‘As we enter 2023, we are continuing our fast pace. I look forward to another year of continued profitable growth and fast-paced transformation, to become the global leader in innovative and sustainable building solutions.’