PROFITABLE GROWTH


In 2024, Holcim delivered disproportionate Recurring EBIT growth across our segments, focusing on the most attractive markets with our high-value solutions.

North America

Holcim reached a new level of profitability, thanks to our market-leading positions and strong operational performance.

We achieved this in the face of challenging market conditions, with net sales in North America of CHF 6.4 billion, a record Recurring EBIT of CHF 1.6 billion, and a Recurring EBIT margin of 24.9%.

North America is one of the world’s most attractive construction markets, with over USD 2 trillion of construction spending per year across infrastructure, commercial and residential1.

1S&P Construction Data, May 2020

“Our North American business is uniquely positioned to fully capitalize on the region’s infrastructure and construction boom. ”

Jaime Hill| Region Head North America
North America

200 +

Infrastructure projects secured for the coming years

Latin America

With strong underlying dynamics, 
this attractive region delivered the highest
margin of all Holcim’s business segments.

Latin America delivered another year of record profitability, with net sales of CHF 2.9 billion, Recurring EBIT of CHF 1.0 billion, and the highest Recurring EBIT margin of our segments at 36.0%.

Long-term megatrends and government spending are driving infrastructure and commercial investments. With leading positions in key markets we are driving profitable growth organically and through M&A.

“Our excellent performance was underpinned 
by large-scale investment in infrastructure and commercial projects, while our Disensa retail franchise flourished.”

Oliver Osswald| Region Head Latin America
Latin America

150 +

Projects underway to offer low-carbon solutions

Europe

Our sustainable building solutions continued to drive profitable growth, leading to substantial margin increases in 2024. Europe achieved net Sales of CHF 7.2 billion, Recurring EBIT of CHF 1.3 billion and a Recurring EBIT margin of 17.8%.

Demand was underpinned by the need for infrastructure including industrial facilities, data centers, transportation and energy transition projects.

Margin expansion was driven by our value strategy, and decarbonization and circular construction drove profitable growth.

“We continued to advance circular construction, acquiring four high-margin businesses in this space in West Europe.”

Dragan Maksimovic| Region Head West Europe

“Our high-value strategy drove margin expansion, with growth for ECOPact, ECOPlanet and 
ECOCycle®.”

Simon Kronenberg| Region Head Central and Eastern Europe
Europe

13

Highly synergetic bolt-on acquisitions

Asia, Middle East & Africa

Across this diverse region, Holcim is driving broad-based profitable growth in some
of the world’s fastest urbanizing markets.

In Asia, Middle-East & Africa, we are focusing on the most attractive markets to deliver strong value creation, margin expansion and shareholder value.

Net sales in 2024 were CHF 3.6 billion, with Recurring EBIT of CHF 0.9 billion and a Recurring EBIT margin of 22.8% driven by good market dynamics in Australia and North Africa.

“We are helping build the cities and infrastructure that our rapidly urbanizing region needs, and scaling sustainable solutions like ECOPact and ECOPlanet.”

Martin Kriegner| Region Head Asia, Middle East & Africa
Asia, Middle East & Africa

660000

of Holcim’s low-carbon carbon concrete in Melbourne’s new Metro Tunnel

Solutions & Products
 

We continued to expand in the most attractive areas of the market, from roofing and insulation to repair and refurbishment.

Solutions & Products achieved net sales of CHF 5.9 billion, with a Recurring EBIT of CHF 0.7 billion and a Recurring EBIT margin of 11.9%.

With iconic brands, this segment offers advanced roofing and insulation solutions for commercial and residential markets. Under Specialty Building Solutions, we also have strong European brands specializing in advanced mortars, tile adhesives and facades.

“Solutions & Products grew organically and through M&A, with key deals including OX Engineered Products in the U.S., a leading provider of advanced insulation systems.”

Jamie M. Gentoso| Global Head, Solutions & Products
Solutions & Products

60000

Elevate’s new manufacturing and distribution facility in Salt Lake City

FULL YEAR 2024 RESULTS: documents


 

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