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mercredi 5 mai 2010

Lafarge publishes quarterly mixed.



The first cement company in the world is ironed green in the first quarter of 2010, but its operating income fell 30% and operating margin folded 200 basis points. Titles skidding stock market.

If the turnover of Lafarge fell 10% in the first quarter to 3.28 billion euros, still penalized by "weather conditions and an unfavorable environment"The first global cement has reached the period a net profit of 64 millionWhen the net loss amounted to 17 million euros over the first three months of 2009. The consensus, he, was expecting a profit of 44 million euros.
Such net income was earned through the sale of its stake to 17.28% in the Portuguese Cimpor, Which has realize a gain of 137 million euros.
But watching other figures more indicative of the performance of Lafarge, the first quarter has not been up to expectations. Operating income (BWR) power has dropped 30% to 236 million euros over a quarter affected by a particularly harsh winter and a construction market still fragile. This is the Gypsum which has suffered the most (-41% BWR), Cement, she saw his back BWR 22%, while the Aggregates and Concrete remained stable.
The margin declined 200 basis points to 7.2%. The decline was seen in all its businesses. Especially the figure that investors have chosen. They express their disappointment in Exchange: The title Lafarge fell by -3.8% to 50.80 euros to 10.30, while the CAC 40 0.83% yield.
Natixis said on Wednesday that the situation on the price "remains uncertain" and always encourages caution in cement.

Well positioned for 2010 and beyond:
The group led by Bruno Lafont "maintains its previous estimate of an increase of 0% to 5% of cement volumes in its markets in 2010 compared to 2009, after a cover of an estimated 6 to 8% last year on all markets where it operates. Jean-Jacques Gauthier, Executive Vice President Finance, Lafarge "is well positioned for 2010 and beyond».
He anticipates the beginning of the recovery of demand in developed countries during the second half of this year, emerging markets continuing to grow globally.
The company in its press published on Wednesday morning, said the first quarter, traditionally weak, is not representative of the year.

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