Marcus Cole's questions to Amrize (AMRZ) leadership • Q2 2025
Question
Marcus Cole from UBS Group sought clarity on whether the 2025 sales guidance implies an acceleration in volume growth in H2 and asked for color on the regional price-cost outlook for the second half.
Answer
CEO Miljan Gutovic stated that while Holcim doesn't report on volumes, he expects much better momentum in H2, particularly in Europe. CFO Steffen Kindler added that positive price over cost is expected to continue across all regions in H2, driven by low to mid-single-digit pricing and ongoing efficiency gains in areas like distribution and fixed costs. He noted some regional variation in pricing levels but confirmed the overall positive algorithm holds true everywhere.