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HOLN — Holcim AG News Story

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Holcim rises pre-market after outlook upgrade, Q2 results beat

BUZZ-Holcim rises pre-market after outlook upgrade, Q2 results beat

** Shares in Holcim HOLN.S rise 3.9% pre-market after Swiss construction company hiked its outlook following a Q2 beat

** The company expects its FY recurring EBIT to improve by 10%, above its previous guidance for an increase of 8% to 10%

** Q2 recurring EBIT rose 13.1% to 1.01 billion Swiss francs ($1.25 billion), beating forecasts of 958 million francs

** Q2 sales rose 6.4% to 4.41 billion francs, beating forecasts of 4.27 billion in a company-compiled consensus

** "The raised top-line and recurring EBIT growth guidance (further upside risk) is a positive surprise and in combination with reduced FX headwinds," Vontobel says

** "We believe these results should be well-received," Jefferies says

($1 = 0.8064 Swiss francs)


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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