H2 2020 Recurring
compared to H2 2019,
By putting in place our HEALTH, COST & CASH action plan, we have kept our business resilient throughout the pandemic and outperformed our targets.
2020 saw the full power of our decentralized and diversified business model. Individuals and families powered a surge in small-scale homebuilding as they sought to protect household savings, especially in emerging markets. This trend was amplified as the pandemic increased the premium on better living conditions and builders reached for premium brands. Our strong distribution and marketing efforts put us in position to capitalize on these trends. We marked record performances in markets where a significant share of business is in retail – notably across Latin America, where we expanded our retail network to over 2,500 stores.
We expect about a wave of construction-focused stimulus to turbo-charge our business over the next few years, beginning in 2021. With our global footprint and commitment to advancing sustainable construction, we look forward to driving a green recovery.
The COVID-19 crisis also enhanced our use of digital tools to increase efficiency and keep our customers safe.
We’re not just bringing the digital revolution to the customer experience. We’re also helping to transform construction itself, for example by enabling next-generation techniques such as 3D printing.
Firestone Building Products
LafargeHolcim is set to acquire Firestone Building Products, an industry leader in commercial roofing and building envelope solutions to position us for continued growth.