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." 

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary