Holcim raises forecast after Q3 profit beats estimates
Swiss cement maker Holcim raised its full-year earnings guidance after reporting better-than-expected third-quarter profit and sales. The company benefited from strong demand for low-carbon products and building solutions.
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Holcim LTD raised its full-year earnings forecast on Friday after reporting third-quarter recurring operating profit rose 17% to 976 million Swiss francs ($1.19B). The upgrade follows stronger-than-expected sales of higher-margin low-carbon products and building solutions across Switzerland and global markets. The results ease concerns over building industry health, pushing shares 4.8% higher in premarket trading.
