|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||45.33 - 45.79|
|52 Week Range||34.36 - 47.82|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.80 (4.02%)|
|1y Target Est||N/A|
LafargeHolcim, the world's largest cement maker, expects demand to continue rising this year, pushing aside concerns about slowing economies and trade tensions weighing on the construction industry. Chief Executive Jan Jenisch said on Wednesday he was seeing "very good market demand globally" after the Swiss company beat sales and profit expectations during its first quarter. LafargeHolcim shares were up 2.4% at 0720 GMT.
LafargeHolcim expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019, Chief Executive Jan Jenisch said on Wednesday. "We are trying to get a more dynamic start to the process to do bolt-ons this year," Jenisch told reporters, noting that LafargeHolcim had already made the same number of deals as it had during the whole of 2018. "We are going to see hopefully 10 plus of those acquisitions for the year overall," he said.
LafargeHolcim has agreed to sell its operations in the Philippines in a deal which values the business at $2.15 billion (1.65 billion pounds), the world's largest cement maker said on Thursday, as it presses ahead with selling off operations in fringe markets. The Swiss company said it was selling its entire 85.7 percent holding in its Philippines business to San Miguel Corporation, with the money used to pay down debt. The deal is the latest by LafargeHolcim which has earlier this month said it was selling it operations in Malaysia and Singapore, and also recently sold its operations in Indonesia.
LafargeHolcim said it was selling its operations in Malaysia to YTL Cement Berhad for $396 million, the latest divestment by the world's largest cement maker as it retreats from fringe markets. LafargeHolcim, which last year sold its Indonesian operations in a $1.75 billion deal, said on Thursday it was selling all its 51 percent holding in its Malaysia business which included three integrated cement and two grinding plants. It also agreed to sell its entire 91 percent holding in Holcim Singapore Ltd, a business which had an enterprise value of 68 million Swiss francs ($66.85 million), to YTL Cement Singapore PTE Ltd.
LafargeHolcim, the world's largest cement maker, forecast sales growth of 3 to 5 percent in 2019, as engineering projects and demand for new housing fuelled by low interest rates shield the construction industry from economic downturn. Chief Executive Jan Jenisch said he expected the upswing LafargeHolcim enjoyed in the second half of 2018 to continue into 2019. "In building materials we are in a very resilient market segment, so even if there is a downturn globally....we will manage quite well because we are participating in local markets," Jenisch told journalists.
French judges have dropped preliminary charges against LafargeHolcim's former Chief Executive Eric Olsen, said Olsen's lawyer, which came as part of a wider investigation on whether the company helped finance Islamic State in Syria. French authorities are looking into whether French cement maker Lafarge, which was taken over by Swiss rival Holcim in 2015, paid the Islamic State in 2013 and 2014 to keep its factories running in areas held by the terrorist group.
LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at $1.75 billion, the cement maker said on Friday. Proceeds from the sale to Semen Indonesia will be used to pay down LafargeHolcim's debts, the company said. LafargeHolcim held 80.6 percent in the business, giving it $1.41 billion from the sale.
Indonesia's biggest cement maker Semen Indonesia (SMGR.JK) is buying the local unit of Swiss rival LafargeHolcim (LHN.S) for around $917 million (707.13 million pounds), as it seeks to extend its dominant position in Southeast Asia's largest market. Semen Indonesia said in a statement it had signed a deal to acquire LafargeHolcim's 80.6 percent stake in PT Holcim Indonesia (SMCB.JK), which is the third-biggest cement producer in the country. "In the competitive environment of national cement industry, the combination between Semen Indonesia and Holcim will be stronger and larger," said Hendi Prio Santoso, president-director of Semen Indonesia.
ZURICH/SINGAPORE (Reuters) - Indonesia's biggest cement maker Semen Indonesia is buying the local business of Swiss company LafargeHolcim for roughly $917 million, in a move that will consolidate the struggling Indonesian industry. The acquisition "will provide it with a significantly larger capacity and broader product portfolio and geographical footprint," the state-owned cement maker said in a statement on Tuesday, adding that the move would enable it to fully capitalise on growth opportunities in its home market. LafargeHolcim, the world's largest cement maker, said in a separate statement that it was selling its Indonesian business to Semen Indonesia as it reviews its portfolio to improve its financial strength.
Government-controlled PT Semen Indonesia will buy LafargeHolcim Ltd.’s 81 percent share in PT Holcim Indonesia in a deal valuing the entire business at $1.75 billion, the Swiss company said in a statement late Monday European time. Semen Indonesia is paying a premium of about 13 percent to Holcim Indonesia’s enterprise value on the eve of the deal. Assuming net debt is held constant, shareholders will get about 21 percent more than the stock was worth as of Monday’s close, and three times what it fetched three months ago. To be sure, as my colleague Anjani Trivedi wrote earlier this year, Indonesia’s cement market is a dismal one – plagued with overcapacity and a slowdown in demand that hit just as new offshore players such as Anhui Conch Cement Co. started breaking into the market.
LafargeHolcim (LHN.S) is selling its Indonesian business to Semen Indonesia (SMGR.JK) as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement on Monday. LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion (1.36 billion pounds) on a 100 percent basis, the company said. The assets sold, which represent LafargeHolcim's entire operations in Indonesia, consist of four cement plants, 33 ready-mix plants and two aggregate quarries, the Swiss company said.
The world's largest cement maker LafargeHolcim cut its profit expectations for 2018 on Friday, blaming rising energy and other costs. The Swiss company said it was seeing higher fuel prices to run its cement plants and transport costs due to a shortage of delivery truck drivers as well as more expensive packaging. "We are have very steep cost inflation," Chief Executive Jan Jenisch told journalists on a call, "one of the steepest I have seen for many years.