LafargeHolcim's profit dips in Q1 2020

LafargeHolcim expects a speedy recovery for the construction sector after a difficult second quarter hampered by the coronavirus and its attendant shutdowns. The Swiss company reported a drop in sales and profit during its first quarter as the global pandemic closed building sites around the world. During the first quarter its sales fell 11.2% to 5.29 billion Swiss francs ($5.42 billion), from 5.96 billion francs a year earlier. The figure slightly beat analysts' forecasts for 5.25 billion francs in a company-gathered consensus.