Turnover from cement increased by 9.7% to EUR2,007m, which represented 54.3% of the group total. In terms of trading profit, 86.3%, or EUR298m (+49.8%), came from cement in the period. Lafarge’s global gypsum interests generated a turnover 1.2% higher at €415m though the trading profit was off by 4.2%. Improved profitability was seen across most of Europe, but the drop in the US housebuilding market led to lower volumes and lower plasterboard prices.
Thanks to the Central and Eastern European cement operations just over doubling their contribution, The European cement turnover rose by 18.6% to EUR1,751m, with the EBITDA rising by 60.7% to EUR347m. Cement shipments rose by some 23% to 8.7Mt. In France, cement volumes rose by 2.9% and turnover increased by seven per cent, with come plants being close to the capacity limit. British volumes advanced by 7.3% and continued good pricing led to a 14.1% increase in turnover. In Spain, shipments were off by 2.2% but the turnover advanced by 5.7%. Market conditions in Greece were particularly favourable and volumes there increased by 20.1% and the turnover shot by 37.5 per cent. German volumes were helped by a mild winter and a good construction market, leaving turnover ahead by 55.6 per cent and average prices improving by 9.5% to around EUR52 per tonne. Strong demand and kind weather led to volume increases of 160.7% in Romania and of 146.0% in Poland. In Russia, volume growth of 31.6% and very strong pricing let to an 87.8% increase in turnover. I
