The Pro Forma Financial Information for the year ended December 31, 2015 reflects the merger of Holcim and Lafarge as if the Merger had occurred on January 1, 2015.
It reflects a hypothetical situation and is presented exclusively for illustrative purposes, as such it does not provide an indication of the results of operating activities that would have been obtained for the period ended on December 31, 2015.
LafargeHolcim performance by country
The dynamic economic recovery in the United States translated into higher cement demand across the country, reflected by a growth in segment volume and a significant increase in the later part of the year supported by mild weather and despite the negative effects of a slowdown in oil-related investment, mainly in Texas, Oklahoma, and the Dakotas. Aggregates deliveries also reported an increase due to market momentum and the capture of large projects including the MGM Casino in Washington, D.C. Ready-mix concrete volumes however declined due to lower deliveries in states that rely on oil investment and as a result of plant divestments in Illinois, Wisconsin, Indiana, Nevada, and Massachusetts as part of the portfolio optimization strategy. Price increases were achieved in all segments due to disciplined price, customer, and product mix management. Financial performance increased significantly, with an overall double-digit increase in operating EBITDA in the United States, mainly due to active cost, price, and margin management.
East Canada saw an overall rise in the volume of cement sold, meeting high demand for building materials and increased export volumes to the United States. Projects including a highway commission and the Champlain Bridge helped aggregates volumes rise steadily in Eastern Canada. The region experienced significant gains in ready-mix concrete volumes, partly based on the strategic focus on upselling and segmentation. Western Canada continued to experience knock-on effects from the region’s reliance on commodities, and volumes in all segments declined due to weakened demand. On the whole, operating EBITDA in Canada was lower than in the previous year, also impacted by the devaluation of the Canadian dollar.