Amrize Ltd Ordinary Shares (AMRZ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I'm pleased to be here with our CEO, Mirjan Gutovic, and our CFO, Stefan Kinzer. They will provide an overview of our strong first half year 2025 results. Then we'll provide an update on our strategy. And last but not least, we'll give an outlook for the full year 2025. And with this very short intro, I'm already handing it over to Mirjan. Mirjan, please. Thank you, Ben. Good morning to all of you and a warm welcome to Holcim's half-year results. Stefan and I are pleased to be presenting our earnings to you today. And, of course, there will be time afterwards for your questions. To start with, we will walk you through the business review, followed by a strategy update and, of course, as Ben mentioned, 2025 guidance. First, let's look at the first half business review. We had a really strong first half of 2025. Highlights include, as you can see, robust net sales growth, strong over-proportional recurring EBIT growth across all our regions, and of course, industry-leading margin of 18.3%. Our margin expansion was driven by our high value strategy. This includes scaling up our sustainable offering and also accelerating decarbonization and circular construction to drive profitable growth. Another key driver is value accretive M&A. Since the start of this year, we have closed a further 11 transactions focused on the most attractive markets and most attractive segments. Thanks to our deeply embedded performance culture and value creation, we are delivering superior performance, including more than 7% rise in earnings per share or EPS in Swiss francs. And yes, we are committed. We are committed to our strong investment-grade balance sheet, which gives us financial flexibility and also the ability to continue to invest in profitable growth and attrac...