Holcim?s results for the full year 2014 show consolidated cement sales volumes up by one per cent at 140 million t. Net income was up 1.5 per cent at CHF1619 million, while net sales were up 3 per cent. However, an unfavourable currency effect of 5.2 per cent and negative changes in consolidation structure impacted the consolidated net sales performance, which was down 3.1 per cent to CHF19 110 million. Consolidated operating profit was down 1.7 per cent at CHF2317 million, attributed again in part to currency effects. Operating profit adjusted for merger and restructuring costs of CHF149 million went up by CHF249 million or 10.6 per cent. Cash flow from operating activities was down CHF288 million to CHF2498 million. Net financial debt was CHF9644 million at the end of 2014, up CHF183 million mainly due to an unfavourable currency impact of CHF250 million. Contributions from the series of transactions with Cemex amounted to ??5 million in cash. Holcim expects sustainable additional operating EBITDA of at least -C10 million on a yearly basis.