Holcim increases full-year guidance after Q1 beats forecasts

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ZURICH (Reuters) – Holcim (SIX:HOLN) raised its full-year guidance on Friday after the world’s biggest cement maker reported better than expected sales and profit during the first three months of 2023.

The Swiss company now expects its full-year sales to increase by 6%, up from its previous outlook for an increase of 3-5%, and said it expected its organic recurring operating profit to increase by more than 10%.