LafargeHolcim CEO upbeat on targets

Byszheng

Updated Fri, 04 Dec 2015 09:38:55 GMT

According to a report by Bloomberg, LafargeHolcim Ltd CEO Eric Olsen is confident the company will meet three-year cashflow and earnings targets. Olsen also reiterated the company’s confidence in its position to benefit from any upturn in the construction industry.

On 1 December, the CEO said that the diversified portfolio of the company will help it grow without making any major acquisitions and also provides a natural hedge against market volatility. That will allow management to generate a targeted cash flow of at least US$9.7 billion through 2018.

LafargeHolcim is targeting US$1.5 billion in annual savings from the merger and sees its industry-topping size helping to overcome a slowdown in demand for construction materials.