LafargeHolcim: Resilient Q1 2020 Results Amid COVID-19 Impact
HOLCIM LTD UNSP/ADR (HCMLY)
NASDAQ:AMEX Investor Relations:
lafargeholcim.com/investor-relations
Company Research
Source: Business Wire
Early priorities on health measures for employees, partners and communitiesResilient results despite COVID-19 outbreak in China in January; other key markets disrupted as of mid-March-3.3% LFL in net sales, -2.6% LFL in Recurring EBITEarly implementation and execution of action plan“HEALTH, COST & CASH”Well positioned to weather the crisis, strong balance sheet and liquidity ZUG, Switzerland--(BUSINESS WIRE)--Regulatory News:Performance Q1 2020 Group (Million CHF)Q1 2020Q1 2019±%±%LfLNet sales5,2935,959-11.2-3.3Recurring EBIT262305-14.1-2.6Jan Jenisch, CEO: “We are confronting an unprecedented health crisis with COVID-19 that is changing how we live and how we work in many ways. Keeping our employees healthy and safe is our number one priority and core value. In early January, when the first signs of the pandemic emerged, we were quick to respond and take all the necessary measures to protect the health of our people while supporting our partners and communities, in full alignment
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- Holcim (OTCMKTS:HCMLY) was downgraded by analysts at BNP Paribas from a "neutral" rating to an "underperform" rating.MarketBeat
- Holcim (OTCMKTS:HCMLY) was downgraded by analysts at Jefferies Financial Group Inc. to a "hold" rating.MarketBeat
- Holcim (OTCMKTS:HCMLY) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Holcim (OTCMKTS:HCMLY) was upgraded by analysts at UBS Group AG to a "buy" rating.MarketBeat