Holcim Ltd (HCMLF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Holcim Q3 2025 Trading Update 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 listened only mode and the conference is being 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 by 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 Pomrem, Group Head of Investor Relations. Please go ahead, sir. Thank you, Sandra. And good morning, everyone. I'm pleased to be here with our CEO, Miljan Gutovic, and our CFO, Stefan Kindler. They will provide an update on our strong nine months, 25 results. Afterwards, they will provide an update on our strategy. And finally, obviously, they will give an outlook for the current year. And with this very short introduction, I directly hand it over to Miljan. Miljan, please. Thank you, Bernd. Good morning to all of you and a warm welcome to Holcim's third quarter results. Stefan and I are pleased to be presenting our earnings to you today. And of course, there will be a time afterwards for your questions. We delivered strong profitable growth in the first nine months of 2025. Highlights, as you can see, include accelerating net sales growth in Q3 of almost 5%, also strong over-proportional recurring EBIT growth across all our regions, and an industry-leading margin above 19%. Our margin expansion was driven by our high-value strategy. This includes scaling up our...