|Bid||53.12 x 245700|
|Ask||53.60 x 19700|
|Day's range||52.98 - 53.68|
|52-week range||50.40 - 60.00|
|PE ratio (TTM)||N/A|
|Earnings date||27 Jul 2018|
|Forward dividend & yield||N/A (3.55%)|
|1y target est||57.65|
Ltd. (LHN.EB) said Tuesday that its first-quarter earnings fell on year as the cement maker began to implement a new five-year strategic plan introduced in March. Recurring earnings before interest, taxes, depreciation and amortization at the cement maker fell to 700 million Swiss francs ($698.4 million) from CHF808 million a year earlier, the company said. LafargeHolcim attributed the lower earnings to an especially harsh winter in North America and Europe.
Thomas Schmidheiny, LafargeHolcim's largest shareholder and a driving force behind the merger that created the world's largest cement maker, will step down from the company's board at its 2018 annual general meeting (AGM), it said on Wednesday. Schmidheiny, who owns 11.4 percent of the Franco-Swiss company, has decided not to stand for re-election as a board director but will remain a shareholder, it said.
LafargeHolcim's new chief executive set out his plan on Friday to revive the company's fortunes by cutting costs, selling assets and focusing on fewer markets as the world's biggest cement maker announced a $4 billion write off. CEO Jan Jenisch took over in September to get the company back on track after a difficult marriage between France's Lafarge and Switzerland's Holcim in 2015. LafargeHolcim also reported a 3.1 billion Swiss franc ($3.3 billion) net loss during its fourth quarter, hit by the impairment charge as Jenisch cleared the decks for his overhaul.
ZURICH (Reuters) - LafargeHolcim (LHN.S) has bought Kendall Group, an aggregates and ready mix concrete maker in southern Britain, in the first acquisition by the Swiss company's Chief Executive Jan Jenisch ...