Topic: [HOLN] Holcim
Group outlook 2010It is unclear how the building materials markets will perform in the current financial year. Uncertainty is at a high level, especially with regard to developments in Europe and North America. Much depends on whether the stimulus programs designed to expand infrastructure will indeed be implemented as proposed. Any revival in construction activity across a broad front will also be contingent upon stimuli from residential and commercial construction.
Many emerging markets start off from a better position. In particular, Holcim’s Group region Asia Pacific – also thanks to the acquisition in Australia – is likely to continue growing. Group regions Latin America and Africa Middle East are also likely to experience a stable business performance.
Despite their confidence in the Group's strength and solid positions in important markets, the Board of Directors and Executive Committee refrain from communicating any detailed forecasts. The cost advantages gained in 2009 will be retained, and in 2010 the Group will continue to do whatever is required to strengthen the efficiency of its processes and competitiveness. Holcim will therefore start the next upturn from a stronger position, and will be able to get back on track toward achieving its long-term growth targets.