LafargeHolcim's Asia Pacific operating EBITDA falls in Q3

India continued to perform strongly in the context of a normal monsoon season

In the Asia Pacific region, LafargeHolcim's cement sales increased 8.7 percent in the third quarter, while year-to-date sales rose 3.4 percent. Operating adjusted EBITDA was 5.9 percent lower than the prior-year period on a like-for-like basis despite a thirteen percent increase in like-for-like net sales. India continued to perform strongly in the context of a normal monsoon season, when demand is normally muted. Higher volumes and prices more than offset higher fuel costs. In the Philippines, market conditions in the quarter remained challenging. Prices there are down compared to the prior-year period, and some large government infrastructure projects have been delayed. Management actions are underway across the Asia Pacific region, with initiatives in cost reduction, asset optimization, logistics and commercial transformation.