Holcim (HOLN) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with welcomes to shareholders, dignitaries, board members, auditors, and the independent proxy, outlining the agenda and technical instructions for participation.

• Health and safety protocols were emphasized, and shareholders were invited to participate in Q&A and post-meeting lunch.

Financial performance review

• Achieved record recurring EBIT over CHF 5 billion, free cash flow of CHF 3.8 billion, and EPS up 5% to CHF 5.70 in 2024.

• EBIT margin reached 19.1%, up 150 bps, driven by branded solutions and margin expansion.

• Share buyback of CHF 1 billion completed, with 12.2 million shares repurchased and proposed for cancellation.

• Net sales stable in Q1 2025, with recurring EBIT up nearly 2% in local currencies.

• ROIC reached a record 11.2%, and net debt leverage reduced to 1.2.

Board and executive committee updates

• Jan Jenisch steps down as Chairman, succeeded by Kim Fausing; Hanne Sørensen and Jörg Oleas not standing for re-election.

• Two new board members elected: Adolfo Uribe and Sven Schneider.

• Board now consists of 10 independent members.