Lafarge confirms EPS growth target

Lafarge confirms EPS growth target
09 November 2006

Lafarge confirmed it aimed to lift annual earnings per share by 10 per cent on average out to 2008 after posting third-quarter results that beat expectations. 
"We are focused on achieving our 2008 targets," a Lafarge spokeswoman said. 
In its strategic plan set out in February to boost profits, Lafarge aims to cut costs by EUR400m ($511m) by 2008 and generate an extra EUR1.5bn in cash over the next three years, helped by a EUR1bn disposal programme by end-2008, excluding the potential sale of its roofing business.
Published under Cement News