Holcim reported net sales of CHF $1,906 million in the first nine months of 2025, up 2.9% on a local currency basis compared to the prior-year period. Nine-month recurring EBIT grew over-proportionally compared to net sales to CHF$2,275 million, with a rise of 9.8% in local currency versus the prior-year period.
Holcim’s recurring EBIT margin for the first nine months increased by 80 basis points to 19.1% after a further expansion in the third quarter. As a result, Holcim said it is on track to deliver industry-leading margins for the full year.
Latin America delivered double-digit net sales growth in local currency in the first nine months. There were three value-accretive acquisitions in Building Solutions to expand Holcim’s product portfolio through Disensa, the largest construction materials retail franchise in the region, with 290 additional stores opened in the first nine months.
Central America and newly acquired operations are expected to drive growth in the fourth quarter, and a strong pipeline of infrastructure projects is expected to accelerate growth in Mexico from 2026 onwards.
Miljan Gutovic, CEO, said, “I thank all of our 45,000 employees worldwide for their contributions to our excellent results in the first nine months of the year. Together, we are delivering on Holcim’s vision to be the leading partner for sustainable construction.
“This month, we marked a milestone in that vision by agreeing to acquire Xella, a European leader in sustainable and innovative walling systems. The acquisition will give Holcim a new growth platform in the highly attractive EUR$12 billion walling market, with cross-selling and systems-selling opportunities. It will accelerate the expansion of Holcim’s high-value Building Solutions in line with our NextGen Growth 2030 strategy.
“With accelerating net sales growth in the third quarter, we delivered strong profitable growth for the first nine months of the year with a 9.8% increase in recurring EBIT in local currency1 and an industry-leading margin of 19.1%. Margin expansion was driven by our high-value strategy, scaling up our sustainable offering to meet customer demand, and accelerating decarbonization and circular construction for profitable growth, even as we completed 14 value-accretive transactions.
“With these strong results, we confirm our full-year guidance for 2025, which includes delivering recurring EBIT growth of 6% to 10% in local currency with a margin of above 18%, and free cash flow before leases of around CHF$2 billion.”
