How did the Swiss franc impact Holcim’s Q4 results?

A stronger franc reduced reported sales when foreign revenue was translated into CHF. Operational performance in key markets held up, but currency translation trimmed headline growth and masked underlying pricing and mix gains. For investors, this means monitoring the CHF path remains crucial because even steady local performance can look softer in Swiss francs during periods of currency strength.

What is included in Holcim 2026 guidance?

Management targets an 18.3% EBIT margin, around CHF 2 billion in free cash flow, and growth aligned with longer-term goals. The focus is on pricing discipline, product mix shift, and steady infrastructure demand. Delivery depends on cost control, stable volumes, and the Swiss franc impact. Execution on bolt-on acquisitions should support margins and free cash flow stability through 2026.

What is the outlook for Holcim dividend 2026?

The proposal is CHF 1.70 per share for 2026. At a share price near CHF70.88, that implies a yield of roughly 2.4%. Management balances cash returns with a disciplined M&A agenda and ongoing investment in higher-margin businesses. The dividend outlook depends on sustaining free cash flow near CHF 2 billion and keeping leverage around current levels.

Is Holcim stock today attractive on valuation?

At CHF70.88, Holcim trades near 12.5x EPS, about 10.6x free cash flow, and roughly 9x EV/EBITDA, supported by a strong balance sheet and FCF near CHF 2 billion. This looks reasonable against quality metrics and margin targets. The key is technical confirmation above CHF72–75 and evidence that FX headwinds ease while margins hold near 18%.

Global Market Insights

HOLN.SW Stock Today, February 28: FX Hits Q4; 2026 FCF, M&A Focus

ByHuzaifa Zahoor February 28, 2026February 28, 2026

Holcim stock today is in focus for Swiss investors after management said Q4 sales were pressured by a stronger franc and outlined 2026 priorities. At CHF70.88, HOLN.SW trades below its 50-day average as markets weigh currency translation, infrastructure demand, and deal execution. We review Holcim 2026 guidance, the Swiss franc impact, free cash flow ambitions near CHF 2 billion, and the proposed CHF 1.70 dividend for 2026. We also assess valuation, technicals, and key catalysts for the next two quarters.