Holcim Q4 Sales Drop 4.8 Percent on Strong Swiss Franc
Holcim reported a 4.8 percent drop in quarterly sales to 3.82 billion francs due to a strong Swiss franc. Operating profit also fell slightly to 601 million.
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The building materials manufacturer HOLCIM LTD reported a decline in its fourth-quarter financial results, citing the negative impact of a strong currency in Switzerland. The company, which specializes in cement, aggregates, and pre-cast concrete, saw its sales and earnings figures retreat during the final three months of the year.
