EarningsQ2 2026 Earnings Report
MX:HOLNN Q2 2026 EPS Results
Actual EPS$36.51
Consensus EPS$34.57
Beat/MissBeat by +$1.94
One Year Ago EPS$35.43
MX:HOLNN Q2 2026 Revenue Results
Actual Revenue$171.22B
Expected Revenue$91.56B
Beat/MissBeat by +$79.66B
YoY Revenue Growth+0.69%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
MX:HOLNN Upcoming Earnings
Holcim's next earnings date is estimated for February 26, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum across regions with double-digit recurring EBIT growth, upgraded guidance, accretive strategic acquisitions (Xella and Pacasmayo), sustainability and AI-driven initiatives, and solid cash-generation guidance. Headwinds are manageable and largely relate to M&A onboarding, FX translation effects, some country-specific softness (UK, Argentina, Colombia), and one-off below-EBIT items. Overall the positives — organic growth, margin expansion drivers, successful large acquisitions, and improved guidance — materially outweigh the manageable lowlights.Company Guidance
Strong Organic Net Sales Growth
Organic net sales grew 5.2% in H1 2026 and accelerated to 6.4% in Q2 2026, representing approximately CHF 390 million of organic growth year-to-date.
Double-Digit Recurring EBIT Expansion
Recurring EBIT increased 11.5% in H1 2026 and 13.1% in Q2 2026 driven by higher demand for sustainable products, cost discipline and operational excellence.
Regional Outperformance — AMEA and LatAm
Asia, Middle East & Africa delivered net sales +8.5% and recurring EBIT growth nearly +24% (margin up ~80 bps to ~26%). Latin America delivered organic net sales +6.2% in H1 with recurring EBIT margin consistently above 30%.
Price Over Cost Momentum
Positive price over cost for the 17th consecutive quarter; Q2 price-over-cost contribution roughly EUR 90 million (approximately split ~1/3 across the three regions).
M&A Deal Acceleration and Scale
Closed two strategic, value-accretive acquisitions: Xella (closed June 19; projected ~CHF 900m 2026 sales; >50 production facilities; ~4,000 employees) and Pacasmayo (closed March; projected ~CHF 500m 2026 net sales; 3 cement plants and 28 ready-mix/precast plants).
Upgraded 2026 Guidance and Financial Targets
Management upgraded full-year 2026 guidance to the high end of NextGen Growth 2030 targets: ~5% organic net sales growth and ~10% organic recurring EBIT growth; free cash flow target around CHF 2.0 billion.
Cash Conversion, Leverage and Balance Sheet Strength
On track for ~CHF 2.0bn free cash flow; leverage expected to return to ~1.6x by year-end (target ~1.5x), preserving firepower for ~CHF 1.1–1.2bn+ of potential M&A next year after bolt-ons.
Sustainability and Circularity Progress
Use of alternative fuels in Europe above 70% in H1; recycled construction and demolition material volumes up 36% in H1; nearly 150 circular construction hubs (Xella added 22).
AI-Enabled Efficiency Gains
AI initiatives (Holcim Predict family) scaling: ~1,500 machines on platform; 40+ initiatives; expected net benefits ~CHF 200 million by 2028 (with ~CHF 20m/yr investment); 2026 benefit estimate ~CHF 30–50m.
Shareholder Value and EPS Growth
Earnings per share (EPS) up 7.4% in Swiss francs year-on-year, reflecting operational performance and financial discipline.
MX:HOLNN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed