BUZZ-Holcim gains after Q4 beat

Holcim's HOLN.S shares gain around 2% after the cement maker reported better-than-expected Q4 earnings and gave more details on its plan to spin off its North American business

It also posted free cash flow after leases of 3.8 billion Swiss francs ($4.22 billion)

"A key highlight is the again very strong FY24 FCF and the solid cash generation guidance for FY25," says Vontobel in a note

Noting that Holcim provides a confident outlook, the brokerage adds that valuation remains attractive in view of the North America spin-off and its strong profitability next to an attractive dividend yield

($1 = 0.9008 Swiss francs)