Holcim AG (HOLN) Earnings Call Transcripts

Holcim AG's Latest Earnings Call - May 13, 2026

In the 2025 fiscal year, Holcim AG (HOLN:CH) reported strong financial performance, achieving a recurring EBIT growth of 10.3%, exceeding guidance, and an industry-leading margin of 18.3%. Revenue and EPS figures were not disclosed, but the company generated CHF 2.2 billion in free cash flow with a cash conversion rate of 54%. The Board proposed a dividend of CHF 1.70 per share, reflecting a payout ratio of 53%. Management maintained a positive outlook for 2026, targeting 3-5% organic net sales growth and 8-10% organic EBIT growth, supported by their NextGen Growth strategy.

Reported metrics

Guidance from management

Holcim maintained a positive outlook for 2026, targeting 3-5% organic net sales growth and 8-10% organic recurring EBIT growth, supported by ongoing execution of the NextGen Growth strategy.

What management said

Thank you, Mrs. Kalman. For more than 20 years, you use the AGM to make wrong claims in front of the shareholders. And in the last two years, you went as far as to criticize us for corruption. As you just did, again. On behalf of Holcim, I can tell you, clearly, we do not accept these claims. They are wrong, and they damage Holcim's good reputation. It's just not okay for you to say such things, and we will continue ...

Thank you very much, Mr. [ Maloone ]. We take note of your comments. Thank you also for the words of appreciation you said at the very beginning. If it's okay with you, let me propose the following. Just give us your contact details at the registration desk, and one of our team members will contact you so that we can make sure we take note of all of your points. Thank you very much. Are there any further contributio...

What analysts pressed on

Analysts expressed concerns regarding the pace of decarbonization and the reliance on carbon capture technologies, questioning their viability. Additionally, there were calls for more transparency in executive compensation structures, with suggestions to align them more closely with long-term value creation.

Main topics on the call

• NextGen Growth Strategy Execution — Holcim's NextGen Growth strategy is in full execution, driving strong performance and value creation. CEO Miljan Gutovic stated, "We delivered strong, profitable growth and achieved all our targets," highlighting the str...
• Sustainability Initiatives — The company emphasized its commitment to sustainability, with significant growth in its sustainable offerings like ECOPact and ECOPlanet. Gutovic mentioned, "Sustainability drove profitable growth in '25 as we scaled sus...
• Margin Expansion — Holcim achieved an 80 basis point increase in its recurring EBIT margin to 18.3%, driven by a high-value strategy and cost discipline. CFO Steffen Kindler noted, "Our industry-leading margin increased by a further 80 bas...
• Free Cash Flow Generation — The company generated CHF 2.2 billion in free cash flow, aligning with its long-term target of around CHF 2 billion. This reflects a strong cash conversion rate of 54%, indicating effective cash management.

Read the full Holcim AG transcript (May 13, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 Holcim AG earnings call transcripts on record, spanning February 27, 2020 to July 31, 2026. Based on this history, Holcim AG reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HOLN

Exchange

SWX

Country

CH

Sector

Materials

Industry

Construction Materials

Calls on record

41

First call

February 27, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly