This was the fourth consecutive quarter of over-proportional growth of Recurring EBITDA 1 over Net Sales since Q3 2018. The growth was driven by continuing positive price over cost momentum, thanks to strict cost discipline and effective price management.
Pro Forma financial information (from Q3 results publication, i.e. November 4, 2016) The Pro Forma Financial Information for the period ended September 30, 2015 reflects the merger of Holcim and Lafarge as if the Merger had occurred on January 1, 2015. … Like-for-like (from Q3 results publication, i.e.
The share of profits from joint ventures increased from CHF 16 million to CHF 29 million, reflecting the contribution of a larger scope in Morocco further to the deal closed in Q3 2016 where Holcim Morocco (fully consolidated) was merged into the Lafarge Morocco Joint Venture: Morocco and the cement