LafargeHolcim has warned of challenging market conditions and has revised down its guidance for 2018 earnings, citing cost inflation pressures. LafargeHolcim's CEO told journalists:
We have very steep cost inflation, one of the steepest I have seen for many years.
LafargeHolcim’s share price is down more than 25% compared with a year ago. This follows a profits warning from from HeidelbergCement and comes at a time when the cement industry is feeling the chill of climate change legislation.
