Holcim sees mixed outlook for European construction sector in 2027

Holcim AG

Today 08:32

       ZURICH, Oct 23 (Reuters) - Holcim  HOLN.S  expects the
development of the European construction sector to be mixed in
2027, with continued spending on infrastructure projects while
new residential schemes will depend on interest rates, CEO
Miljan Gutovic said on Friday.
    "Europe will still be mixed bag. I'm not expecting anything
major in the UK for next year, but I think in Eastern Europe, in
some parts of Western Europe, we will see healthy momentum,"  
Gutovic said after the building materials company reported its
third-quarter earnings.
     "I think infrastructure will continue. The question mark is
residential. Residential is obviously correlated to interest
rates," he added.

    (Reporting by John Revill
Editing by Ludwig Burger)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))