2024-04-26 16:22:08 ET
Holcim AG (HCMLF)
Q1 2024 Sales/ Trading Statement Call
April 25, 2024 04:00 AM ET
Company Participants
Nesrine Gharbi - Head of Investor Relations
Jan Jenisch - Chairman and Chief Executive Officer
Steffen Kindler - Chief Financial Officer
Miljan Gutovic - Region Head Europe and Chief Executive Officer Designate
Conference Call Participants
Paul Roger - Exane
Luis Prieto - Kepler Cheuvreux
Gregor Kuglitsch - UBS
Arnaud Lehmann - Bank of America Merrill Lynch
Brijesh Siya - HSBC
Yassine Touahri - On Field Research
Harry Goad - Berenberg
Ebrahim Homani - CIC
Remo Rosenau - Helvetische Bank
Tobias Woerner - Stifel
Presentation
Nesrine Gharbi
Good morning, and welcome to First Quarter 2024 Trading Update. I'm Nesrine Gharbi, and I’ll be your host today. I'm pleased to be joined by our Chairman and CEO, Mr. Jan Jenisch; our CEO Designate, Mr. Miljan Gutovic; and our CFO, Mr. Steffen Kindler. After their presentation, you will have the opportunity to ask questions. [Operator Instructions]
And with this, I hand it over to you. Jan, the floor is yours.
Jan Jenisch
Good morning, everyone, and welcome. Thank you for joining our Q1 update. Very happy to start to give you some details on our very good start of the year. And then we have Steffen, our CFO, will go into more detail, and then Miljan will conclude with the outlook for 2024.
So I'm very pleased with the first quarter. We have done very well with our growth strategy. We have more than 3% growth in local currency. I think you are aware, there were a bit less invoicing days and some adverse weather effect in North America. But overall, we are very well on track here to deliver our above 6% of sales growth what we target for 2024.
Very important for us that we continue with our strong margins, our industry-leading margins and our further increasing margin. So in the Q1, we had an overproportional EBIT growth, more than 17% in local currency and despite the strong Swiss Franc, plus 7.8% in Swiss Franc. So very reassuring for our full-year guidance for the 18% EBIT margin....
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Holcim AG (HCMLF) Q1 2024 Sales/ Trading Statement Call Transcript