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Holcim profits drop on weak European results

NEWS HIGHLIGHT

Holcim profits drop on weak European results
Holcim reported a -22.5 per cent drop in third quarter net
income to CHF 612 million (456 million euros). The cement and aggregates
supplier was hit by poor demand for building materials in Europe.

Photo from Construction Europe.

Nov. 11, 2010 – Holcim reported a -22.5% drop in third quarter net income to CHF 612 million (€ 456 million). The cement and aggregates supplier was hit by poor demand for building materials in Europe.

The Switzerland-headquartered company said it was impacted by challenging economic conditions in Western Europe, commenting that the construction sector made "hardly any progress" during the quarter. | READ MORE