Switzerland's Holcim lifts 2026 outlook as H1 net sales rise

Holcim AG

31/07/2026 05:42

Overview
Switzerland building materials supplier's H1 organic net sales rose 5.2%, recurring EBIT up 11.5%
EPS before impairment and divestments increased 7.4% yr/yr in H1
Company upgraded full-year 2026 guidance for organic net sales and recurring EBIT growth

Outlook
Holcim upgrades FY2026 guidance to ~5% organic net sales growth, ~10% organic recurring EBIT growth
Company expects recurring EBIT margin to further increase in FY2026
Holcim targets free cash flow of around CHF 2 bln for FY2026

Result Drivers
SUSTAINABLE PRODUCTS DEMAND - Co said increased customer demand for its sustainable offerings, including ECOPact and ECOPlanet, contributed to higher sales and margins
STRATEGIC ACQUISITIONS - Acquisitions of Xella and Cementos Pacasmayo expanded high-value Building Solutions and Latin America presence, supporting growth
COST DISCIPLINE - Strict cost control and operational excellence supported recurring EBIT margin improvement

Company press release: ID:nEQ4zz192a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted EPS
 
CHF 1.69
 
H1 EPS
 
CHF 1.65
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for Holcim AG is CHF80.00, about 6.1% above its July 30 closing price of CHF75.42
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
July 30 - Heidelberg Materials tones down profit outlook as Iran war drives up energy costs
July 30 - Ireland's CRH Q2 revenue beats on pricing, demand
July 29 - France's Vicat H1 sales rise on emerging markets strength, lifts 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)