LafargeHolcim's new chief executive laid out on Friday his plan to revamp the world's biggest cement group by growing faster than the overall market and chopping costs.
The new five-year strategy targets annual sales growth of 3 to 5 percent, recurring EBITDA growth of at least 5 percent, improvement in free cash flow to over 40 percent of EBITDA, and boosting the return on invested capital to more than 8 percent.
The Swiss group took a 3.8 billion Swiss franc ($4.04 billion) impairment charge during its fourth quarter as CEO Jan Jenisch cleared the decks for his overhaul.
The company's share price has slumped around 20 percent since a "merger of equals" between France's Lafarge and Switzerland's Holcim in 2015.
The charge pushed LafargeHolcim into a net loss of 3.12 billion Swiss francs. Without the charge, net profit fell 31 percent to 270 million francs.