Holcim continued “accelerating” its net sales growth in the third quarter of 2025, while signing a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems, with projected 2025 net sales of around €1 billion.
The Swiss building materials giant posted CHF 4.036 billion Q3 2025 net sales, up 4.9% on a local currency basis from Q3 2024. Group recurring EBIT was up 8.1% on a local currency basis to CHF 836 million. Holcim has also published its first-nine-month (9M) net sales figures. Group 9M net sales of CHF 11.906bn were up 2.9% on a local currency basis, with recurring EBIT at 2.275bn representing a 9.8% local currency basis increase.
Holcim is continuing to invest in profitable growth in highly attractive markets, closing 14 value-accretive transactions since the beginning of the year.
The Building Materials division was strengthened with five acquisitions: SA.RE.MER in France; an acquisition to expand Holcim’s commercial network in Spain; Klokotnitsa IM EOOD and Zhablyano AD, both in Bulgaria; and Tribex in Serbia.
Building Solutions expanded with seven acquisitions: Algimouss in France and CPC AG in Germany, as well as an insulation solutions business in Poland for building systems; Société des Bétons de la Vallée de Seine (S.B.V.S.) in France for the ready-mix concrete business; Comosa y Copce in Mexico and Horcrisa in Argentina for ready-mix; and Compañía Minera Luren SA in Peru for building systems.
Cement Australia, Holcim’s joint venture in the country, closed the acquisition of the cementitious division of BGC. Holcim also closed the divestments of its Nigeria business and Karbala Cement Manufacturing Ltd in Iraq.
Customer demand for Holcim’s sustainable offering continued to increase. In the first nine months of 2025, net sales of Holcim’s low-carbon ECOPact concrete increased to 31% of ready-mix net sales compared to 26% in the prior-year period, while net sales of ECOPlanet increased to 35% of cement net sales versus 32% in the first nine months of 2024.
Advancing circular construction, Holcim increased the recycling of construction and demolition materials by around 20% compared to the prior-year period.
Welcoming the healthy quarterly and 9M trading, Holcim CEO Miljan Gutovic said: “I thank all of our 45,000 employees worldwide for their contributions to our excellent results in the first nine months of the year. Together, we are delivering on Holcim’s vision to be the leading partner for sustainable construction.
“This month, we marked a milestone in that vision by agreeing to acquire Xella, a European leader in sustainable and innovative walling systems. The acquisition will give Holcim a new growth platform in the highly attractive EUR 12 billion+ walling market, with cross-selling and systems-selling opportunities. It will accelerate the expansion of Holcim’s high-value Building Solutions in line with our NextGen Growth 2030 strategy.
“With accelerating net sales growth in the third quarter, we delivered strong profitable growth for the first nine months of the year with a 9.8% increase in recurring EBIT in local currency and an industry-leading margin of 19.1%. Margin expansion was driven by our high-value strategy, scaling up our sustainable offering to meet customer demand, and accelerating decarbonization and circular construction for profitable growth, even as we completed 14 value-accretive transactions.
“With these strong results, we confirm our full-year guidance for 2025, which includes delivering recurring EBIT growth of 6% to 10% in local currency, with a margin of above 18%, and free cash flow before leases of around CHF 2 billion.”
