Martin Hüsler's questions to Amrize (AMRZ) leadership • Q2 2025
Question
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.