Builders' Merchants News

Lafarge sales rise 5% in Q2

Published:  30 July, 2012

LEICESTER: Building materials firm Lafarge saw sales jump by 5% from Q1 to Q2 this year. The company's operating income rose by 11%. 

In Q2 sales volume was £3.3bn (€4.26bn) and operating income £590m (€755m). The company said sales increases were driven by "successful price actions across all product lines to respond to cost inflation".

Net income group share declined, hit by asset impairment and restructuring. But, excluding these factors, it rose by 15% on the year.

Net debt was at £9.78bn (€12.5bn), reduced by £1.33bn (€1.7bn) on the year. The company said cement demand was rising and expecting growth of between 1% and 4% in 2012.

Chairman and chief executive Bruno Lafont said: "Economic conditions remain challenging for many parts of the world and we remain prudent on our outlook."