Stripped of impairment charges and gains from divestments net profit was up 32%
27 February 2020 - 20:05Zurich — LafargeHolcim expects to shake off a “huge slowdown” in China caused by the coronavirus with a rebound in Chinese demand later in the year and strong sales in other regions, the world's largest cement maker said on Thursday.
“According to the World Health Organisation we expect a recovery starting in May in the China market,” he said.“At the moment construction sites and infrastructure as well as our plants are fully running everywhere in Europe, in North America, Latin America, India and Africa,” Jenisch said. Stripped of impairment charges and gains from divestments, net profit was up 32% to Sf2.07bn, the highest since the company was formed in 2015. Sales fell 2.7% to Sf26.72bn versus analyst forecasts of Sf26.79bn.
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