Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results

Must Read

Africa’s biggest grocery retailer, Shoprite exits Nigeria

Shoprite is exiting the continent's most populated country, Nigeria, after 15 years of operation. The retail giant initiated a...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Life Lager Beer Lightens Niger Bridge (Photos)

Following the launch of a new bottle and the ‘Nduka’ campaign, Life Lager Beer has continued to spread its...

− Strong Q3 EBITDA (pre-IFRS 16) increase of 32,7% vs LY
− Operating profit multiplied by 2,7x in Q3 vs LY
− Q3 finance costs drop by 70,6%
− Positive Net income for four consecutive quarters
− Successful divestment from Lafarge South Africa Holdings
− Significant deleveraging with Net financial debt reduction by 79.2%

Lafarge Africa Plc released its report this morning, recording a net sales of N214billion for the nine-month period and N53billion for Q3 ‘2019; a decrease of 25.1% over 2018.

PERFORMANCE OVERVIEW

Group Quarter 3 and Nine Months

- Advertisement -

Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand Spur

Michel Puchercos, CEO of Lafarge Africa stated: “Our Strategy 2022 « building for growth » in Nigeria is delivering the expected results with strong EBITDA and operating profit improvement, robust net income and operating cash flow development. Our turnaround and cost reduction strategy in Q3 continues to deliver strong margins with improvement in commercial transformation, logistics performance, industrial & energy efficiencies. Our ambition is to continue the acceleration of growth and earnings in Q4.

REGIONAL PERFORMANCE

Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand Spur

- Advertisement -

Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company is a subsidiary of LafargeHolcim, a world leader in building materials. Listed on the Nigerian Stock Exchange, Lafarge Africa is actively participating in the urbanization and economic growth of Nigeria, the largest economy in Africa.

Read Also:  FG Begins Sale Of N10.69b Debut Green Bond

OUTLOOK 2019

Based on the above trends, with market demand, which is expected to accelerate in Q4 compared to Q3 2019, a stable pricing environment and the successful execution of Strategy 2022, we expect to continue to deliver in Q4 2019.

- Advertisement -
Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand SpurLafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  FG, NSE Collaboration Useful, says Vp Osinbajo

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand SpurLafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand Spur

Latest News

Ikeja Hotel reports N785m six-month loss

Hospitality firm, Ikeja Hotel Plc has witnessed a decline in its earnings for the first six months of the...

Africa’s biggest grocery retailer, Shoprite exits Nigeria

Shoprite is exiting the continent's most populated country, Nigeria, after 15 years of operation. The retail giant initiated a formal process to consider the...

Okomu Oil records N4bn profit, pays N1.92bn dividend in H1 2020

Okomu Oil Palm Company Plc, one of Nigeria’s leading producer of Oil Palm and Rubber crash crops for local and exports consumption in its...

139 Nigeria students receive Cambridge International awards

Nigeria students have once again received outstanding results in their Cambridge International awards examinations for the June 2018, November 2019 and December 2019 exam...

COVID 19: Coca-Cola Empowers 5000 Women for Economic Recovery

In a bid to upskill and empower women through recovery from the effects of the coronavirus pandemic in Nigeria, The Coca-Cola Company through its...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Lafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand SpurLafarge Africa: Over-Proportional Profitability Increase In Q3 2019 Results - Brand Spur