Switzerland-listed earnings calls, October 2026: Amrize says aggregates pricing rose 6.9%

Amrize said its price increases took hold during 2026

The chief executive of Amrize said aggregates pricing increased from 1% in the first quarter of fiscal year 2026 to 4% in the second quarter and 6.9% in the third quarter. Aggregates are materials such as sand and gravel used in construction. The chief executive said this followed the April price increase. The chief executive also said cement pricing increased 1.8% in the third quarter of fiscal year 2026, despite softer pricing from other market participants. Amrize expects building materials to deliver positive price over cost in the fourth quarter of fiscal year 2026. Analysts asked what pricing actions are needed to recover costs in 2027, and management answered only in part.

Amrize updated its guidance and expects to meet its savings targets

• The chief executive said updated fiscal year 2026 guidance is revenue of $12.2 billion to $12.4 billion.
• The chief executive said Amrize has a high degree of confidence in achieving its $80 million fiscal year 2026 savings target under its Aspire program, and is on track for its $250 million savings goal through 2028.
• The chief financial officer said cash conversion is expected to remain below 50% as greater business investment weighs on it.
• Amrize expects residential and shingle-market weakness to persist through at least the fourth quarter of fiscal year 2026.

Avolta confirmed its midterm targets

The chief executive of Avolta confirmed the midterm organic growth target of 5% to 7%. Avolta also targets midterm expansion of its EBITDA margin of 20 to 40 basis points per annum. EBITDA means earnings before interest, taxes, depreciation and amortization. A basis point is a small fraction of a percentage point. The chief executive said these targets are intended to be achieved on average year on year, not as fixed results in every quarter. The chief executive said Avolta will continue its strategic transformation over the next few years despite quarter-to-quarter volatility. Management declined an analyst request for bridges explaining how Avolta can reach its full-year EBITDA growth and margin expectations.