Summary of Group region performance

Consolidated cement volumes in North America increased 4.2 percent to 21.8 million tonnes in the year under review, driven by strong results in the United States and East Canada. Aggregates deliveries were up by 1.3 percent in the period under review to 115.3 million tonnes as all companies in the region except Canada West reported higher volumes. Ready-mix concrete shipments were down by 1.0 percent to 9.3 million cubic meters due to plant divestments and lower demand from oil-dependent regions. At constant exchange rates, net sales in North America increased 5.4 percent to CHF 5,678 million, as a result of enhanced performance across Group operations in the United States and Eastern Canada. At constant exchange rates, operating EBITDA increased significantly over the previous year by 8.2 percent to CHF 1,121 million, primarily driven by the United States performance and by the overachievement on synergies that were delivered 50 percent above the stretched target at CHF 39 million. Adjusted for merger, restructuring and other one-offs, operating EBITDA at constant exchange rates increased 12.0 percent.

North America – Pro forma information

 

 

2015

2014

±%

±% like-for-like

1

Excluding merger, restructuring and other one-offs

Sales of cement

million t

21.8

20.9

4.2

4.2

Sales of aggregates

million t

115.3

113.8

1.3

1.3

Sales of ready-mix concrete

million m3

9.3

9.4

–1.0

–1.0

Net sales

million CHF

5,678

5,418

4.8

5.4

Operating EBITDA

million CHF

1,121

1,046

7.2

8.2

Operating EBITDA adjusted1

million CHF

1,183

1,065

11.1

12.0

Operating EBITDA margin

%

19.7

19.3

 

 

Operating EBITDA margin adjusted1

%

20.8

19.7