Holcim spin-off Amrize targets robust growth in US construction market
ZURICH (Reuters) -Holcim's imminent North American spin-off Amrize is targeting robust growth in earnings and sales through 2028, albeit at a slower pace than in recent years as it navigates a challenging environment with trade clashes clouding the outlook. The building materials company said on Tuesday it aims for annual growth in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of about 8-11% between 2025 and 2028, alongside annual sales growth of 5-8%. Holcim targeted a $30 billion valuation when the spin-off was first announced in January 2024.