Full Year 2019 LafargeHolcim Ltd Earnings Call Transcript
Good morning, and welcome to our analyst conference on the results 2019. I'm happy to take the first part for introduction highlights, and then Géraldine will go into the details of the regions and the financial results, and then we come to the outlook on 2020.
Very happy to see you, and I'm a little bit proud that we had record results in 2019. If you look at our profit and loss statement, we have basically improved every single line in 2019. And then more importantly, we have all taken that to the cash, and we had a record cash flow of more than CHF 3 billion, which is an increase of 79%, and a cash conversion, which I believe is far above anyone's expectation at almost 50% for last year.
Happy to fulfill all the guidance and all the targets we gave for 2019, starting with the sales growth, going to the EBITDA level, where we are also beating our guidance. And then we have this overproportional development to the bottom line with 32% net income growth and then accordingly, earnings per share growth of 29%.
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