LafargeHolcim Bangladesh Delivers Profitable Growth in Q3, 2023

• Q3 Net Sales grew by 12% and operating EBIT grew by 18% 

• PAT Margin improved by 517 basis points to 25% in Q3

• As part of our commitment to Circular Economy & De-carbonization, 37,000 tons of waste disposed in the first 9 months, a 55% higher than last year through Geocycle. 

Mr. Iqbal Chowdhury, CEO of the company said:

“I thank all members and stakeholders of LafargeHolcim Bangladesh family for delivering outstanding results in the last 9 months despite challenging economic conditions and sharp devaluation of currency. This demonstrates the strength of our resilient team and efforts to grow the business even in an uncertain business environment. Q3 confirms that we are on track to deliver another successful year. My sincere gratitude to our valued shareholders for their continued support and confidence on us.” 

“The third quarter’s performance demonstrates the strength of our diverse product portfolio and strategic presence driven by innovative products, high-value solutions, digital footprint and new channels. Our Geocycle project is one of its kind sustainable waste management solutions in the country. We want to make a tangible contribution to bringing our society a step closer to a zero-waste future by managing more waste in the coming years. We shall continue to focus on expansion of channels, new businesses and new products and solutions in the market to strengthen our sustainable growth momentum going ahead. In line with our business Strategy, we have clear plan and road map for Accelerating Green Growth’ and ‘de-carbonization”. 

Performance:

During January to September, 2023 operating EBIT reached BDT 6,632 million a growth of 55% comparing to the same period of the last year. Net sales increased by 27% to BDT 21,646 million compared to BDT 16,987 million. Earnings per Share (EPS) increased by 58% to BDT 4.49 compared to BDT 2.85. 

Outlook

In spite of certain external challenges, we are confident and optimistic to deliver sustained strong performance like the previous quarters.