Amrize’s US Listing Struggles as Holcim Leads European Baustoff Sector

Amrize’s attempt to secure higher valuations in the U.S. market through a spin-off from its Swiss parent, Holcim, has not materialized as anticipated. Despite the company’s U.S. listing, its stock performance has lagged behind expectations, contrasting with Holcim’s robust results in Europe. Analysts note that Amrize’s operational performance has been slower than initially projected, particularly in residential construction, where high interest rates and elevated transport costs have dampened demand. Unlike Holcim, Amrize has struggled to pass on price increases to customers, partly due to rising logistics expenses, which have surged by 100 to 200 percent. The U.S. administration’s lack of targeted support for the sector has further hindered growth, according to analysts from Vontobel and ZKB.