Holcim rises after Q3 beat, guidance hike

Holcim AG

Today 07:35

** Shares in Holcim HOLN.S are seen up around 4% in Swiss pre-market trade after its Q3 sales and profit beat forecasts, and the Swiss building materials company raised its full-year earnings guidance
** Recurring operating profit rose 17% to 976 million Swiss Francs ($1.2 billion), ahead of consensus estimate of 949 million, while sales rose to 4.66 billion versus an estimate of 4.59 billion
** Holcim now expects FY 2026 recurring operating profit to rise 10%-12%, up from its previous forecast for around 10% growth
** Brokerage Vontobel says fears of a potential downward guidance revision that had recently flared up proved unfounded, adding that the solid Q3 and guidance hike should be taken positively



($1 = 0.8221 Swiss francs)

 (Reporting by Basile Day)
 ((Basile.Day@thomsonreuters.com))