By Maitane Sardon
Holcim's U.S. business Amrize on Tuesday issued midterm targets and named top executives ahead of its planned spinoff from the Swiss firm.
Holcim aims to spin off the North American business by the end of 2025's first half, in one of the biggest deals in the construction market this year.
The new U.S. building materials company Amrize aims to grow its adjusted earnings before interest, taxes, depreciation, and amortisation at an average annual growth rate of between 8% and 11% and to achieve a revenue annual growth rate of between 5% and 8% by 2028. It sees a cumulative cash flow of over $8 billion over the next three years.
Holcim appointed Board Director Jan Jenisch as Amrize's chairman and chief executive officer, Holcim's North America head of finance Ian Johnston as chief financial officer and Jaime Hill as President of Building Materials.
Roald Brouwer will be Amrize's Chief Technology Officer, the company added.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
March 25, 2025 02:34 ET (06:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。