LafargeHolcim's net sales in the first quarter of 2017 increased by 5.3% to 5.21 billion euros, mainly due to higher cement prices in the first quarter and a significant increase in its aggregate sales volume. Its profit before interest and tax (EBITDA) increased by 8.8% year-on-year to 652 million euros, during which cement sales did not change much, achieving sales of 48.1 million tons, and cement sales in March were relatively strong.
& emsp; & emsp; Eric, CEO, LafargeHolcim & # 8226; Eric Olsen pointed out that the group's performance in the Central and Eastern Africa region was good, the recovery in Nigeria had made a significant contribution to the group's profits, the negative effects of the demonetization campaign in India had been gradually eliminated, and the business in the United States remained very stable, although it slowed down compared with last year.
Regionally, the report shows that LafargeHolcim's cement sales in Latin America, Central and Eastern Africa and North America declined year-on-year. In the Asia-Pacific region, cement sales have stagnated, but the report says market conditions in Indonesia and Malaysia are "very challenging" and the market in the Philippines is slowing. However, the report shows that the impact of demonetisation in India has weakened and the market has fully digested its negative impact.
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