(Bloomberg) -- Holcim Ltd. expects to grow sales and profitability this year as the cement maker took a key step toward spinning off its North American division by the end of the first half.
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The Swiss manufacturer published financial figures for the Amrize spinoff for the first time, saying it generated $11.7 billion in revenue and an adjusted operating earnings margin of 27% last year.
The figures were included in a Friday filing with the US Securities and Exchange Commission, required to register Amrize shares for trading in the country. Holcim plans to brief investors about the business on March 25 in New York, and on the parent company’s strategy three days later in Zurich.
Holcim shares rose as much as 3%. The stock has climbed more than 40% since the manufacturer announced the spinoff plan a year ago. The construction materials company is seeking growth in the US, where builders are racing to fill a chronic lack of single-family homes and make more energy-efficient buildings.
President Donald Trump’s push to simplify permitting for large construction projects and bolster public-private partnerships should benefit Amrize, Holcim Chief Executive Officer Miljan Gutovic said in an interview with Bloomberg Television. Commercial construction planning in the US rose 26% in January compared with the same period last year, according to the SEC filing.
For 2025, Holcim projects mid-single digit net sales growth in local currency and an expansion of its earnings before interest and tax margin. Growth is driven by additional infrastructure upgrades in the Americas and demand for energy-efficient building solutions in Europe.
The manufacturer is looking at several M&A opportunities in Latin America, its most profitable region, Gutovic said on Bloomberg TV. “If it makes good business sense, we will go ahead with it,” he said.
Last year, the manufacturer also benefited from the hurricanes that caused billions of dollars of damage in the US. It proposed to hike its dividend by 11% to 3.10 Swiss francs ($3.45) a share.
Amrize is well placed to capitalize on North America’s $2 trillion in annual construction spending, Holcim said. The unit has 19,000 employees, operational headquarters in Chicago and a production and distribution network of over 1,000 facilities.