Five-year review

Further tables (xlsx) can be found in the results library 

   

in Million Swiss Francs (CHF), unless otherwise stated20142013201212011220102
Statement of income
Net sales 19,110  19,719 21,160 20,744 21,653
Gross profit 8,562  8,632 8,631 8,528 9,274
Operating EBITDA 3,747  3,896 3,889 3,958 4,513
Operating EBITDA margin 19.6%  19.8% 18.4% 19.1% 20.8%
Operating profit 2,317  2,357 1,749 1,933 2,619
Operating profit margin 12.1%  12% 8.3% 9.3% 12.1%
EBITDA 4,156  4,332 4,352 4,264 4,988
Depreciation, amortization and impairment 1,434  1,547 2,150 2,367 1,934
EBIT 2,723  2,785 2,202 2,235 3,054
Income taxes 588  533 550 449 615
Tax rate 27%  25% 35% 40% 28%
Net income 1,619  1,596 1,002 682 1,621
Net income margin 8.5%  8.1% 4.7% 3.3% 7.5%
Net income - shareholders of Holcim Ltd 1,287  1,272 610 275 1,182
           
Statement of cash flows          
Cash flow from operating activities 2,498  2,787 2,643 2,753 3,659
Cash flow margin 13.1%  14.1% 12.5% 13.3% 16.9%
Investments in property, plant and equipment for maintenance net 738  719 790 752 410
Investments in property, plant and equipment for expansion 1,020  1,282 803 886 1,182
(Disposal) Purchase of financial assets, intangible, other assets and businesses net (35)  (336) (396) 154 (230)
           
Statement of financial position          
Current assets 7,307  7,590 8,275 8,154 8,512
Long-term assets 32,378  30,355 32,922 34,400 35,747
Total assets 39,684  37,944 41,198 42,554 44,259
Current liabilities 6,923  7,461 8,299 7,695 7,214
Long-term liabilities 12,649  11,807 13,665 15,202 15,924
Total shareholders' equity 20,112  18,677 19,234 19,656 21,121
Shareholders' equity as % of total assets 50.7%  49.2% 46.7% 46.2% 47.7%
Non-controlling interest 2,682  2,471 2,797 2,827 3,020
Net financial debt 9,644  9,461 10,325 11,549 11,363
           
Capacity, sales and personnel          
Annual production capacity cement in million t 211.4  206.2 209.3 216.0 211.5
Sales of cement in million t 140.3  138.9 142.3 144.3 136.7
Sales of mineral components in million t 4.3  4.1 4.8 5.1 4.1
Sales of aggregates in million t 153.1  154.5 158.2 173.0 157.9
Sales of ready-mix concrete (in million m3) 37.0  39.5 45.3 48.4 45.9
Personnel (31.12.) 67,584  70,857 76,359 80,967 80,310
           
Financial ratios          
Return on equity 3 7.6%  7.8% 3.7% 1.6% 6.4%
Funds from operations 4/ net financial debt 31.7%  33.4% 30.5% 26.4% 31.3%
EBITDA net interest coverage 8.6x  7.8x 6.9x 4.2x 6.1x
EBIT net interest coverage 5.7x  5.0x 3.5x 2.2x 3.7x
Net financial debt / EBITDA 2.3x  2.2x 2.4x 2.7x 2.3x
 

1 Restated due to changes in accounting policies.
2 As reported in the respective years, not restated due to changes in accounting policies. 
3 Excludes non-controlling interest.
4 Net income plus depreciation, amortization and impairment.