Lafarge - May 2013

Lafarge's first-quarter turnover declined by 6.5 per cent to €3136m and the EBITDA fell by 25.6 per cent to €380m, while the running profit dropped by 52.7 per cent to €124m. Net financial costs were reduced by 0.4 per cent to €254m but the pre-tax loss increased from €62m to €137m, with the net attributable loss rising by 95 per cent to €117m. Net debt at the end of March was 4.5 per cent lower at €11,812m, giving a gearing level of 75 per cent. Development capital expenditure in the period was increased by 77.4 per cent to €243m and maintenance capital spending was €2m higher at €53m.

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