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Lafargeholcim Q1 sales and core profit beat forecasts
May 3, 2017 / 5:17 AM / 7 months ago

Lafargeholcim Q1 sales and core profit beat forecasts

ZURICH, May 3 (Reuters) - LafargeHolcim beat expectations for sales and core profit in the first quarter, it said on Wednesday, a bittersweet performance for the cement and building materials company as it begins a search for a new chief executive.

The world’s largest cement maker is looking for a new CEO to replace Eric Olsen, who is quitting in July after the company acknowledged making payments to armed groups to keep its factory running in war-torn Syria.

LafargeHolcim posted adjusted operating profit before interest tax and amortization of 801 million Swiss francs ($808.11 million), beating forecasts of 783 million francs in a Reuters poll. ($1 = 0.9912 Swiss francs) (Reporting by John Revill)

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