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)
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