Holcim Ltd (HCMLF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Holcim Half Year 2025 Results Analyst and Investor Conference Call and Live Webcast. I am Sandra, the course call operator. I would like to remind you that all participants have been listed only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone or on the virtual HD web phone keypad on your screen. Webcast viewers may submit their questions in writing via the relative field. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Bernd Pondrem, Group Head of Investor Relations. Please go ahead. Good morning, everyone. I'm pleased to be here with our CEO, Miljan Gutovic, and our CFO, Stefan Kindler. 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 Miljan. Miljan, please. Thank you, Ben. Good morning to all of you and 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...