Lafarge - February 2015

Lafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1881m but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a further 11.6 per cent to EUR870m while the pretax profit declined by 33.8 per cent to EUR659m. The net attributable profit, after a EUR143m increase in the tax charge and a 13.8 per cent lower minorities charge, fell from EUR601m to EUR143m. Net debt at the end of December was 5.4 per cent lower at EUR9310m, giving a gearing level of 53.8 per cent, or 60.2 per cent excluding minorities. Capital expenditure was increased by 4.5 per cent last year to EUR1025m. 

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