Rivals of LafargeHolcim Ltd. will be watching carefully when it reports results Friday, after what Bloomberg Gadfly’s Chris Hughes characterizes as a dismal first year. The company has slumped more than 30 percent since its creation by the merger of the biggest cement makers in France and Switzerland just over a year ago while companies such as CRH Plc and HeidelbergCement AG are little changed. Shares of LafargeHolcim are trading at 19 times forecast earnings, more than both CRH and HeidelbergCement.

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