Holcim Ltd (HCMLF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Holcim's full year 2025 results presentation. My name is Dan Pomerin, head of investor relations, and I'm pleased to be joined by our CEO, Miljan Gutovic, and our CFO, Stefan Kindler. After the presentations, as usually, you will have the opportunity to ask questions. If you join us on this sunny day, Friday, in Zurich, then just raise your hand and we will hand you a microphone when it's your turn. And our colleague from Chorus Call will now instruct you how to ask your questions via the webcast. Xandra, please. Thank you. You can register for questions at any time by pressing star and one on your telephone. Webcast viewers may submit their questions in writing by the relative field. I would like to remind you that all participants have been listened only mode and the conference has been recorded. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. Grazie mille, Sandra. And with this short intro, I directly hand it over to Miljan. Miljan, please. Thank you, Ben. Good morning to all of you and a warm welcome to HoldSim's 2025 Full Year's Results Analyst and Investors Conference. 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 2025 with an acceleration in the fourth quarter as we achieved all our targets. As you can see, we accelerated the growth of our recurring EBIT in Q4. It was up 12.2%, taking us to a 10.3% for the year, exceeding our guidance. Our industry leading margin increased by further 80 basis points to 18.3%. Margin expansion was driven by our high value strategy which includes scaling up our sustainable offering as well a...