Lafarge hit by winter weather and lack of carbon credit sales

Lafarge hit by winter weather and lack of carbon credit sales
Published: 26 July 2013

Tagged Under: Lafarge business results 

Lafarge's first-half turnover eased by 4.8 per cent to EUR7248m (US$9628.3m) and the EBITDA declined by 14 per cent to EUR1302m, while the trading profit fell by 21.8 per cent to EUR791m. The gain from the sale of emission permits in the period was negligible compared with EUR46m a year ago. The net attributable profit amounted to EUR84m, compared with a EUR21m loss a year earlier. Net debt at the end of June was 5.3 per cent lower at EUR11,881m and the gearing level declined from the 77.4 per cent shown this time last year to 70.5 per cent. Capital expenditure, after a long period of decline, was increased by 76.5 per cent to EUR526m and is expected to amount to some EUR900m for the full year.

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