LHBL delivers yet another strong quarter, Net Sales up by 24%

• Innovation, new product and new channels led robust growth momentum

Consolidated Financial Results for Q3 & 9 Months ending September, 2022

Mr. Rajesh Surana, CEO of the company said:

“The success of the last quarter entirely comes from the strong topline growth. Our new products and new business channels gained traction. The innovation in digital and development of new business segments also contributed strongly to our topline growth. Our focus on sustainable waste disposal supports our objective of becoming carbon neutral by 2050 while also adding resilience on energy costs. During the quarter, the Company faced an unprecedented increase in raw material costs, however, part of it was mitigated due to the significant growth in our businesses.

Our new product “Holcim Water Protect” and “Holcim Shokti” contributed 5% of the total Holcim brand volume in a very short time of launching. We received overwhelming support and repeat orders from our customers for these new and innovative products. The company also achieved the milestone of close to 10% volume from its new channel “Direct to Retail”.

We thank our employees, distributors and customers for their continued patronage and confidence in the Company and its products.”

Performance:

Operating EBIT reached mBDT 1,717 a growth of 41% over same quarter of the last year. Net sales during the quarter increased by 24% to 5,715 mBDT compared to 4,602 mBDT in Q3, 2021. Earnings Per Share (EPS) increased by 21% to BDT 0.98 compared to BDT 0.81 in Q3, 2021. We also have managed to improve our EBIT margin by 400 bps in the quarter through our innovative approach in product and channels. Our journey for cost leadership remained as a focal point during the quarter and had a very positive impact on the overall result.

Outlook

For the rest of the year, we expect the Industry to continue to return to growth. we are very optimistic to continue to deliver strong performance, as we demonstrated this quarter.

About LafargeHolcim Bangladesh:

LafargeHolcim Bangladesh Ltd. (LHBL) is a frontline cement producer in Bangladesh. Operating for almost two decades, it has invested ~ US$ 500 million in building one fully integrated cement plant and three grinding plants, the largest foreign direct investment in the sector. It is a joint venture of Holcim Group based in Switzerland and Cementos Molins based in Spain. With state-of-the art technology and well groomed staff, the company produces world class cement to meet the growing demand generated by massive infrastructure development programs and improved socio economic conditions. The company has provided direct and indirect employment opportunities for over 3000 people.

With its grip on global standards and strength in innovations, LafargeHolcim Bangladesh Limited is also regarded as a dependable solution provider in construction materials. It is producing and supplying customized cement for high profile projects in the country.