Martin Hüsler

Martin Hüsler requested more background on the nature and location of the temporary cement plant outage and questioned if strong cement volume growth was driven by price rebates.

Answer

Ian Johnston, CFO of Amrize, detailed the temporary equipment outage in the Mountain region, which lasted approximately six weeks, causing reduced production and increased distribution costs, but is now resolved. Jan Jenisch, Chairman and CEO of Amrize, clarified that strong cement demand was not due to price concessions.

Martin Hüsler of Zürcher Kantonalbank asked if the guided H2 sales growth acceleration would be driven by organic performance or M&A. He also questioned the drivers behind the Q2 vs. Q1 EBIT growth trend in Europe and asked for country-specific trends.

Answer

CEO Miljan Gutovic stated he expects accelerated momentum in H2 versus H1, with a similar M&A trend. Regarding Europe, he noted that Q1 and Q2 were similar but Q2 saw significant margin expansion driven by the sustainable offering and M&A. He highlighted strong momentum in Eastern and Southern Europe (Spain, Italy, Greece), which offset softness in Germany, and expressed optimism for Europe in H2.

Martin Hüsler of Zürcher Kantonalbank asked if H2 sales growth would be driven by organic acceleration or M&A, and questioned the drivers of European EBIT growth trends in Q2.

Answer

CEO Miljan Gutovic stated he expects accelerated organic momentum in H2 with a similar M&A trend. For Europe, he noted Q2 saw significant margin expansion from sustainable offerings and M&A, highlighting strong momentum in Southern and Eastern Europe which offset softness in Germany.

Martin Hüsler of Zürcher Kantonalbank asked if the H2 sales growth acceleration would be driven by organic growth or M&A, and inquired about European EBIT growth drivers and country-specific trends.

Answer

CEO Miljan Gutovic stated he expects accelerated organic momentum in H2 with a similar M&A trend. Regarding Europe, he noted significant Q2 margin expansion from the high-value strategy. He highlighted strong momentum in Eastern and Southern Europe (Spain, Italy, Greece), which offset softness in Germany, and expressed overall optimism for the region in H2.