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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM (LHN)
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LafargeHolcim : Ex-LafargeHolcim CEO placed under formal investigation in France - source

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12/08/2017 | 12:20am CET
CEO Olsen of Franco-Swiss cement giant LafargeHolcim addresses the company's annual shareholder meeting in Zurich

The former chief executive of Franco-Swiss cement group LafargeHolcim Ltd, Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group's activities in Syria, a source with the prosecutor's office said.

Prosecutors had launched an investigation in June into LafargeHolcim's operations and its possible "financing of a terrorist enterprise".

The source added Olsen was also placed under judicial supervision.

LafargeHolcim had no comment.

Olsen quit as CEO in April after the company admitted it had paid armed groups to keep a factory operating in war-ravaged Syria.

Under French law, the placing of a suspect under formal investigation means that prosecutors believe they have "serious or consistent evidence" that could result in prosecution.

The decision puts Olsen one step closer to trial though the investigation can still be dropped.

Three other individuals were put under formal investigation last week and two others - one of which being Lafarge's previous CEO Bruno Lafont - were still being questioned on Thursday evening, the source said.

France's Lafarge merged with Switzerland's Holcim in 2015. The new entity employs some 90,000 in around 80 countries.

(Reporting by Emmanuel Jarry; Writing by Matthias Blamont; Editing by Alison Williams and Lisa Shumaker)

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Financials ( CHF)
Sales 2017 26 071 M
EBIT 2017 3 494 M
Net income 2017 1 869 M
Debt 2017 14 045 M
Yield 2017 3,82%
P/E ratio 2017 17,04
P/E ratio 2018 14,79
EV / Sales 2017 1,79x
EV / Sales 2018 1,66x
Capitalization 32 652 M
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LafargeHolcim Technical Analysis Chart | LHN | CH0012214059 | 4-Traders
Technical analysis trends LAFARGEHOLCIM
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 57,6  CHF
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Petr Laube Chairman-Supervisory Board
Roland Kohler Chief Operating Officer
Ron H. Wirahadiraksa Chief Financial Officer
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