|Bid||51.00 x 245700|
|Ask||51.00 x 19700|
|Day's Range||50.56 - 50.98|
|52 Week Range||50.44 - 56.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.65|
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While it may not be enough for some shareholders, we think it is good to see the LafargeHolcim Ltd (VTX:LHN) share price u...
Every investor in LafargeHolcim Ltd (VTX:LHN) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decreaseRead More...
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.
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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.
As the world’s largest cement maker sheds assets, billionaires and industrial conglomerates are lining up for LafargeHolcim Ltd.’s $2 billion-worth of Indonesian kilns. The Swiss-based company’s sale of its domestic unit, of which it owns a bit more than 80 percent, is drawing interest from Japan’s Taiheiyo Cement Corp., the Malaysian tycoon Francis Yeoh, the biggest Indonesian cement maker PT Semen Indonesia, and the local subsidiary of Germany’s HeidelbergCement AG, Bloomberg News reported last week. As the month-end deadline for first-round offers draws near, shares of the unit, PT Holcim Indonesia Tbk, have soared — up almost 40 percent in the last two trading days.
LafargeHolcim (LHN.S) first half profit fell 43 percent, the company said on Friday, as the world's largest cement took 300 million Swiss francs (£230.42 million) in restructuring costs from its overhaul under Chief Executive Jan Jenisch. The Zurich company said first-half net profit tumbled to 371 million Swiss francs ($373.24 million), from 651 million francs a year earlier. Sales rose 2.7 percent to 13.27 billion francs, while the company confirmed its target of increasing net sales by 3 to 5 percent every year, and lifting its core operating profit by at least 5 percent.
ZURICH (Reuters) - LafargeHolcim (LHN.S) said on Thursday it had secured a 500 million pound ($661 million) contract with Highways England over the next four years, its second major highway contract in ...
LafargeHolcim (LHN.S) bought a ready mix concrete maker in the United States as the world’s biggest cement maker seeks smaller acquisitions to drive growth under Chief Executive Jan Jenisch, the Zurich-based company said in a statement on Tuesday. The Swiss company bought Tarrant Concrete, based in Dallas-Fort Worth area of Texas to boost its presence in the United States, its largest market. The deal, which was for an undisclosed sum, is the second under Jenisch, who took over at LafargeHolcim last September.
LafargeHolcim, the world's largest cement maker, will close its head offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive. Chief Executive Jan Jenisch said the cuts, announced by the Franco-Swiss company on Friday, were part of a plan to simplify the company's structure and improve performance. "This painful but necessary simplification step is key to creating a leaner, faster and more competitive LafargeHolcim," he said in a statement.