Holcim (CH:HOLN)
:HOLN
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.62Last Year’s EPS
1.64Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presents a strongly positive operational and financial performance: recurring EBIT growth, margin expansion, CHF 2.2bn free cash flow, low leverage (0.9x), ROIC improvement and a progressive capital allocation plan (dividend and M&A) underpin a constructive outlook. Key near-term headwinds are regulatory uncertainty around EU ETS/CCUS economics, FX translation effects, and temporary regional softness (notably LatAm integration effects and some weaker local markets). Management positions these as manageable or temporary and reiterated disciplined capital allocation and confidence in 2026 guidance.Company Guidance
Strong recurring EBIT growth and margin expansion
Recurring EBIT grew 10.3% for FY2025 (local currency) with an acceleration in Q4 (+12.2%). Industry-leading recurring EBIT margin expanded by 80 basis points to 18.3%, with Europe delivering 140 bps of margin expansion and EMEA (Asia, Middle East & Africa) expanding margins by ~220 bps.
Robust free cash flow and cash conversion
Generated CHF 2.2 billion free cash flow in 2025 with a cash conversion rate of 54%, exceeding the company's target range and demonstrating strong working-capital and cash discipline.
Healthy balance sheet and returns
Net debt leverage closed 2025 at a comfortable 0.9x. Return on invested capital (ROIC) increased to 11.2% and diluted EPS rose by 5% in Swiss francs versus 2024.
Dividend and shareholder distribution
Board proposed a dividend of CHF 1.7 per share (payout ratio 53%, post-tax dividend yield ~2.4%), reflecting confidence in results and cash generation.
Regional outperformance and diversification
Europe contributed ~CHF 1.5 billion recurring EBIT; Latin America and EMEA each contributed >CHF 900 million. Latin America posted double-digit net sales growth and maintained recurring EBIT margin above 30% despite integration costs. Asia/EMEA achieved double-digit recurring EBIT growth (~14.1% cited).
Sustainability, circular construction and high-value solutions scaling
Circular-construction net sales approached CHF 500 million in 2025 with 109 circular hubs established and a target of CHF 800 million by 2030. Premium sustainable brands (ECOPact/ECOPlanet/ECOCycle) are scaling, with modest price premiums (low- to mid-single digits) and growing adoption in multiple regions.
Disciplined M&A and growth capital framework
Between 2020–2025 Holcim closed 66 acquisitions (average ~5.3x EV/EBITDA at signing including synergies). In 2025 the company closed 21 transactions (18 acquisitions, 3 divestments). NextGen Growth 2030 framework: up to CHF 22 billion capital deployment capacity to 2030, with CHF 7 billion planned returns to shareholders and CHF 4–6 billion available for large M&A or buybacks.
Operational discipline and targeted CapEx
2025 capital expenditure was disciplined at around CHF 400 million, focused on value-accretive projects (grinding, calcined-clay production, building solutions). Key modernization project Obourg (phase 1) progressing with Air Liquide partnership for CCUS phase 2.
Commercial traction and network expansion
Disensa (LatAm retail franchise) opened 460 stores in 2025, reaching 2,360 total. Notable project specifications using sustainable products (e.g., CityWave Italy, Mohammed Tower Morocco, 100% recycled concrete social housing near Paris) demonstrate market adoption.
Guidance aligned with midterm targets
2026 guidance: organic net sales growth 3%–5%, organic recurring EBIT growth 8%–10%, continued margin expansion, estimated cash flow ~CHF 2 billion and 20%+ volume growth in circular construction.
CH:HOLN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:HOLN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | CHF70.21 | CHF69.22 | -1.42% |
Jul 31, 2025 | CHF63.22 | CHF63.45 | +0.37% |
Feb 28, 2025 | CHF45.97 | CHF47.35 | +3.01% |
Jul 26, 2024 | CHF40.05 | CHF40.19 | +0.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Holcim (CH:HOLN) report earnings?
Holcim (CH:HOLN) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Holcim (CH:HOLN) earnings time?
Holcim (CH:HOLN) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Holcim stock?
The P/E ratio of Holcim is N/A.
What is CH:HOLN EPS forecast?
CH:HOLN EPS forecast for the fiscal quarter 2026 (Q2) is 1.62.