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Jenisch - 3 Jan Jenisch - 3 Miljan Gutovic - 2 Lafarge - 2 Switzerland's - 1 Zuercher - 1 Martin Huesler - 1 Carlisle - 1
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☆ Holcim CEO: Created two champions to have stronger individual strategic priorities
  + stars: | 2024-02-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHolcim CEO: Created two champions to have stronger individual strategic prioritiesJan Jenisch, CEO of Holcim, weighs in on his firm's full-year earnings, a 1 billion Swiss franc share buyback program, and how the spinoff of its North American business will aid strategic aims.
Persons: Jenisch
☆ Holcim eyes $30 billion valuation with North American business listing, picks new CEO
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: +3 min
Switzerland's Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion, the building materials giant said on Sunday, as it also named a new chief executive. The spin-off could value the new company at around $30 billion, Jenisch told reporters, with Holcim retaining no stake. Holcim North America was trading at only 7 times operating profit, far less than the 10 to 15 times multiple of peers. Holcim is the biggest cement maker in North America, where it employs 16,000 people across 850 sites. The remaining Holcim business will have sales of around 17 billion Swiss francs ($19.69 billion), and employ 48,000 people.
Persons: Switzerland's, Miljan Gutovic, Jan Jenisch, Lafarge, Jenisch, Zuercher, Martin Huesler, Carlisle, James Hardy Organizations: Holcim, New York Stock Exchange, Eagle Materials Locations: New York, Holcim, Swiss, U.S, Europe, Latin America, Africa, Asia, America, North America, Carlisle, The U.S
☆ Shares of Building Materials Maker Holcim Jump as It Plans to List Unit in the US
  + stars: | 2024-01-29 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
GENEVA (AP) — Shares of Holcim Ltd. jumped Monday after the Swiss-based cement and building materials company announced plans to spin off its North American unit and list its shares in the U.S.Sunday's announcement of the listing and spinoff comes 15 months after Holcim’s French subsidiary Lafarge pleaded guilty to paying millions of dollars to the Islamic State group to keep a plant open in Syria and agreed to pay about $778 million in penalties in a settlement with U.S. authorities. At the time, the Islamic State group controlled a vast swath of Syrian territory and was engaged in torturing kidnapped Westerners. The listing, which is expected to be completed in the first half of next year, would create a North American unit that is targeting more than $20 billion in net sales by 2030, the company said. Holcim will retain its listing on the Swiss SIX stock exchange. Chairman and CEO Jan Jenisch will lead the North American operations and hand over duties of CEO of Holcim to executive committee member Miljan Gutovic, an Australian national, on May 1.
Persons: Lafarge, Holcim, Jan Jenisch, Miljan Gutovic, Jenisch Organizations: GENEVA, Holcim Ltd, American, Islamic, Islamic State, Swiss SIX, North, SIX Locations: Swiss, U.S, Syria, American, Australian, Zurich, Holcim
☆ Holcim CEO: 'Our North American business is a real rock star'
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHolcim CEO: 'Our North American business is a real rock star'Jan Jenisch, CEO and chairman of Holcim, speaks to CNBC about the building material giant's plans for a U.S. spin-off.
Persons: Jan Jenisch Organizations: Holcim, CNBC Locations: American, U.S
☆ Holcim shrugs off interest rate fears to raise guidance
  + stars: | 2023-04-21 | by ( John Revill | ) www.reuters.com   time to read: +3 min
Other countries such as Britain have also seen downturns this year, as higher interest rates weigh on building projects. But Holcim was undeterred, raising its outlook after what it called a strong start to the year. Holcim's first-quarter sales fell to 5.73 billion Swiss francs ($6.41 billion) from 6.44 billion, but beating the 5.66 billion forecast by analysts in a consensus of estimates. Recurring operating profit fell to 493 million francs, but topped the 464 million which analysts had forecast. On a like-for-like basis, which cuts out the impact of divestments and currency swings, sales rose 8% and recurring operating profit increased by 12%.
☆ Rising interest rates are not an issue, says Holcim CEO
  + stars: | 2023-04-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRising interest rates are not an issue, says Holcim CEOJan Jenisch, CEO at Holcim, discusses earnings and explains the ongoing impact of energy cost inflation on the firm.
☆ There's no recession at Holcim, CEO says
  + stars: | 2023-02-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no recession at Holcim, CEO saysJan Jenisch, CEO of Holcim, discusses the company's earnings and the outlook for inflation in 2023.
☆ Holcim CEO wants to further expand in North America -report
  + stars: | 2023-01-25 | by ( ) www.reuters.com   time to read: +2 min
Holcim wants to grow its solutions and products division to around 30% of group sales by 2025, Jenisch told financial website The Market. "We're well on track there, and it can grow further," The Market cited Jenisch as saying in an interview published on Wednesday. In a few years, the three equally important pillars of Cement, Aggregates/Concrete, and Solutions & Products should each account for one third of revenues." "In the roofing business alone, we generate over $3 billion in sales there," he said. "The roofing business alone has a market volume of $30 billion in the U.S., and together with Europe and Latin America it's $50 billion.
☆ Geopolitics is a larger concern than recessionary pressures, says Holcim CEO
  + stars: | 2023-01-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitics is a larger concern than recessionary pressures, says Holcim CEOJan Jenisch, CEO of building materials manufacturer Holcim, discusses operating through unprecedented times over the last three years and his outlook for 2023.
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