FORM 6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of: October, 2004
Commission File Number : 001-15218
LAFARGE
(Translation of registrant's name into
English)
61, rue des Belles Feuilles
75116 Paris
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
Enclosures:
Press Release, dated October 21, 2004, relating to Lafarge sales to September 30, 2004
Page 1 of 17 Total Pages
PRESS RELEASE |
Euronext: LG, NYSE: LR | Paris, October 21, 2004 |
Lafarge reports sales to September 30, 2004
| Nine month sales up 5.7% to € 10,870 million from € 10,281 million in 2003 |
| Robust year to date like for like sales: + 8.5% |
| Solid third quarter like for like sales: + 5.7% |
Sales were up 5.7% to € 10,870 million as at September 30, 2004 compared to € 10,281 million in 2003. The net scope effect was 0.9%. Foreign exchange variations impacted sales negatively by 3.7%.
" Our markets remain robust overall and we have recorded a solid level of sales in the third quarter. We reiterate our confidence that the growth of our operating income on ordinary activities for 2004 should exceed 10%, excluding currency fluctuations and barring unusual weather conditions. This should be achieved against a continuing rise in energy costs and the strong performance of our business in the second half of last year," said Bernard Kasriel, Chief Executive Officer of the Group.
The sales report for each Division, excluding foreign exchange, scope effects, and before inter divisional sales elimination is as follows:
CEMENT: +10.1%
Sales rose 10.1% during the
first nine months (+12.9% in Quarter 1, +10.7% in Quarter 2 and +7.8% in
Quarter 3).
Cement sales have remained strong overall in the third quarter with continued volume growth compared to 2003, coupled with an improved pricing effect.
Western Europe has continued to record good sales growth though with mixed volume trends. France remains strong, offsetting the sharp decline in Greece, following as expected, the completion of Olympics’ related building projects. Pricing was favorable across the region, with steady improvement in Germany and price increases in all other countries except the UK, where prices remained flat.
In North America, sales have grown strongly for the 9 months ending September 30, 2004. As expected, volume growth in the 3rd quarter was lower than in the first six months of the year, due to the comparably weak first half of 2003 and strong second half of 2003. Price increases have been successfully implemented in 2004. Year to date pricing trends are now positive compared to the price erosion experienced in the second half of 2003.
Positive sales trends were recorded in all other regions of the world. In Central and Eastern Europe, sales grew strongly, driven by a favorable market environment in Romania and good volumes in Poland. In the Mediterranean Basin, sales were up in Jordan and Turkey with strong market demand. High levels of growth were seen across Africa, particularly in South Africa and Nigeria. In Latin America, a slight growth in sales was recorded, with a continued improvement in Venezuela offset by lower volumes and prices in Brazil. In Asia, good market conditions allowed for strong growth notably in the Philippines and India. Areas of weakness remain Malaysia and in particular South Korea where deteriorating construction markets have led to a substantial decline in volumes and weaker prices.
Page 2 of 17 Total Pages
AGGREGATES & CONCRETE:
+7.2%
Sales rose 7.2% during the first
nine months (+11.4% in Quarter 1, +6.0% in Quarter 2 and +5.9% in Quarter
3).
Strong volumes in North America and France coupled with favorable pricing trends continue to drive sales.
In Aggregates, sales rose 6.2% with a strong increase in North America led by Canada and the Eastern United States. In Western Europe the situation was mixed. In particular, the good growth in France continued as markets remained solid, while in the UK, sales were lower due to a decline in infrastructure spending, which mainly affected Asphalt and Paving. Prices continued to show favorable trends compared to 2003.
In Concrete, sales grew by 8.6% with solid demand in France and in North America, although North American volumes in this quarter were slightly below a very strong 3rd quarter in 2003.
ROOFING: +1.2%
Sales
increased by 1.2% during the first nine months (6.0% in Quarter 1, 6.0% in
Quarter 2 and 6.2%
in Quarter 3).
This quarter compares with good sales in 3rd quarter 2003.
In Western Europe, sales of concrete tiles were down and sales of clay tiles were only marginally positive as a result of the continued poor construction market in Germany which more than offset good sales of both concrete and clay tiles in France and clay tiles in the UK.
Sales in the USA continued to be strong, driven by the buoyant housing market.
GYPSUM: +12.7%
Sales rose 12.7% during the
first nine months (+14.2% in Quarter 1, +13.2% in Quarter 2 and +10.8% in
Quarter 3).
In Western Europe, sales growth was driven by good market demand and price increases in France and the UK. In Germany, the market showed signs of stability but prices remained down on 2003.
In the USA, sales continued to grow strongly year to date, largely on the back of significantly higher prices compared to 2003.
In Asia and Australia, sales were flat.
NEGATIVE FOREIGN EXCHANGE
IMPACT OF 3.7% AMOUNTING TO € 344 MILLION
The
translation impact of negative foreign currency fluctuations on the nine
month sales was generated mostly
in the following currencies: US Dollar (€ 179 million), Malaysian Ringgit
(€ 26 million), Canadian Dollar (€ 23 million), and the Nigerian
Naira (€ 18 million). This was slightly offset by the appreciation of
the Pound Sterling (+€ 26 million) and the South African Rand (+€ 13
million).
SCOPE CHANGES OF 0.9% AMOUNTING
TO € 108 MILLION
Sales
from acquisitions amounted to a positive scope effect of € 293 million, of which € 129 million
is due to the increase to 51.17% in our percentage ownership of Lafarge Halla
Cement in South Korea, which triggered a change from the proportional to
global consolidation method. Aggregates and Concrete acquisitions contributed € 93
million.
The reduction in sales due to negative scope effects totaled € 185 million, primarily as a result of the divestment of our Florida cement operations (€ 55 million), various divestments from the Aggregates and Concrete Division (€ 64 million ) and the disposal of the remaining lime operations in Europe and road markings in the USA (€ 40 million).
Page 3 of 17 Total Pages
CONSOLIDATED SALES AS AT SEPTEMBER 30, 2004
September 30, 2004 € Million |
September 30, 2003 € Million |
Variation | At constant scope and foreign exchange | At constant scope and foreign exchange, before inter divisional sales elimination | ||||||||||||
Cement | 5,174 | 4,837 | +7.0 | % | +10.4 | % | +10.1 | % | ||||||||
Aggregates & Concrete | 3,515 | 3,341 | +5.2 | % | +7.2 | % | +7.2 | % | ||||||||
Roofing | 1,123 | 1,119 | +0.4 | % | +1.2 | % | +1.2 | % | ||||||||
Gypsum | 1,009 | 896 | +12.6 | % | +12.6 | % | +12.7 | % | ||||||||
Others | 49 | 88 | -44.3 | % | -3.5 | % | ||||||||||
TOTAL | 10,870 | 10,281 | + 5,7 | % | +8.5 | % | NA |
Lafarge, the world leader in building materials, holds top-ranking positions in all four of its Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge employs 75,000 people in 75 countries and posted sales of € 13.6 billion in 2003. Additional information is available on the web site at www.lafarge.com.
Lafarge’s next financial publication 2004 Full Year Sales will be on Thursday 27th January , 2005 (before the Euronext stock market opens.)
For release worldwide with simultaneous release in the United States.
COMMUNICATIONS: | INVESTOR RELATIONS: |
Stéphanie Tessier:
33-1 44-34-92-32 stephanie.tessier@lafarge.com |
James Palmer: 33-1 44-34-92-93 james.palmer@lafarge.com |
Amanda Jones: 33-1-44-34-19-47 Amanda.jones@lafarge.com |
Danièle Daouphars:
33-1 44-34-92-93 daniele.daouphars@lafarge.com |
Statements made in this press release that are not historical facts, including statements regarding our expected operating income, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions ("Factors"), which are difficult to predict. Some of the Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the cyclical nature of the Company's business; national and regional economic conditions in the countries in which the Group does business; currency fluctuations; seasonal nature of the Company’s operations; levels of construction spending in major markets; supply/demand structure of the industry; competition from new or existing competitors; unfavorable weather conditions during peak construction periods; changes in and implementation of environmental and other governmental regulations; our ability to successfully identify, complete and efficiently integrate acquisitions; our ability to successfully penetrate new markets; and other Factors disclosed in the Company's public filings with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission including its Reference Document and annual report on Form 20-F. In general, the Company is subject to the risks and uncertainties of the construction industry and of doing business throughout the world. The forward-looking statements are made as of this date and the Company undertakes no obligation to update them, whether as a result of new information, future events or otherwise. |
Page 4 of 17 Total Pages
Conference Call on Sales to September
30, 2004 If you wish to participate in the
conference call, please dial: A replay of the conference
call will be available from October 21, 2004 at 7.30 pm French time to
October 29, 2004 at 7.30 pm at the following numbers: |
Page 5 of 17 Total Pages
Consolidated Figures (YTD)
Sales | ||||||
(Millions of euros) | 2004Q3 | 2003Q3 | 04/03 | |||
By geographical zone of destination | ||||||
Western Europe | 4,553 | 4,366 | 4 | % | ||
Central and Eastern Europe | 573 | 522 | 10 | % | ||
Emerging Mediterranean | 420 | 431 | -3 | % | ||
North America | 2,938 | 2,880 | 2 | % | ||
Latin America & the Caribbean | 436 | 453 | -4 | % | ||
Sub Saharan Africa/Indian Ocean/Others | 874 | 675 | 29 | % | ||
Asia /Pacific | 1,076 | 954 | 13 | % | ||
By business line | ||||||
Cement | 5,174 | 4,837 | 7 | % | ||
Aggregates & Concrete | 3,515 | 3,341 | 5 | % | ||
Roofing | 1,123 | 1,119 | 0 | % | ||
Gypsum | 1,009 | 896 | 13 | % | ||
Others | 49 | 88 | -44 | % | ||
Total | 10,870 | 10,281 | 6 | % | ||
Page 6 of 17 Total Pages
Cement (YTD)
Volumes by destination (adjusted for the contributions of our proportionaly consolidated subsidaries) | ||||||||
(millions of tonnes) | Like |
|||||||
2004Q3 | 2003Q3 |
04/03 | for like |
|||||
|
||||||||
Western Europe | 24.3 | 23.3 | 4 | % | ||||
Central and Eastern Europe | 8.1 | 6.6 | 23 | % | ||||
Emerging Mediterranean | 7.8 | 8.1 | 4 | % | ||||
North America | 15.8 | 13.4 | 18 | % | ||||
Latin America & the Caribbean | 4.5 | 4.6 | 2 | % | ||||
Sub Saharan Africa/ Indian Ocean | 9.0 | 8.3 | 8 | % | ||||
Asia/Pacific | 21.1 | 17.0 | 24 | % | ||||
|
|
|||||||
Total (1) | 90.6 | 81.3 | 11 | % | 5.2 |
% |
||
|
|
|||||||
Sales (after elimination of inter divisional sales by destination) | ||||||||
(Millions of euros) | ||||||||
Like |
||||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Western Europe | 1,680 | 1,592 | 6 | % | ||||
Central and Eastern Europe | 361 | 309 | 17 | % | ||||
Emerging Mediterranean | 344 | 355 | 3 | % | ||||
North America | 1,012 | 1,028 | 2 | % | ||||
Latin America & the Caribbean | 277 | 309 | 10 | % | ||||
Sub Saharan Africa/Indian ocean/Others | 698 | 567 | 23 | % | ||||
Asia/Pacific | 802 | 677 | 18 | % | ||||
Total consolidated sales | 5,174 | 4,837 | 7 | % | 10.4 | % | ||
Sales (before elimination of inter divisional sales by origin) | ||||||||
(Millions of euros) | ||||||||
Like
|
||||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Western Europe | 1,850 | 1,786 | 4 | % | ||||
Central and Eastern Europe | 367 | 321 | 14 | % | ||||
Emerging Mediterranean | 333 | 327 | 2 | % | ||||
North America | 1,149 | 1,159 | 1 | % | ||||
Latin America & the Caribbean | 339 | 347 | 2 | % | ||||
Sub Saharan Africa/Indian ocean/Others | 785 | 657 | 19 | % | ||||
Asia/Pacific | 793 | 666 | 19 | % | ||||
Total before elimination of inerdivisional sales | 5,616 | 5,263 | 7 | % | 10.1 | % | ||
(1) including special products now reported.
Page 7 of 17 Total Pages
Aggregates & Concrete (YTD)
Volumes by destination (adjusted for the contributions of our proportionaly consolidated subsidiaries) | |||||||||
2004Q3 | 2003Q3 | 04/03 | Like | ||||||
Aggregates | for like | ||||||||
(millions of tonnes) | |||||||||
Western Europe | 58.2 | 56.4 | 3 | % | |||||
North America | 99.0 | 86.6 | 14 | % | |||||
Other countries | 16.1 | 14.2 | 13 | % | |||||
Total | 173.3 | 157.2 | 10 | % | 8.0 | % | |||
Like | |||||||||
Concrete | 2004Q3 | 2003Q3 | 04/03 | for like | |||||
(millions of cbm) |
|
||||||||
Western Europe | 11.0 | 10.7 | 3 | % | |||||
North America | 9.2 | 8.1 | 14 | % | |||||
Other countries | 7.6 | 7.3 | 4 | % | |||||
Total | 27.8 | 26.1 | 7 | % | 6.3 | % | |||
Sales (after elimination of inter divisional sales by destination) | |||||||||
(Millions of euros) | 2004Q3 | 2003Q3 | 04/03 | Like | |||||
for like | |||||||||
|
|||||||||
Aggregates & related products | 1.589 | 1,521 | 4 | % | |||||
Ready-mix concrete & concrete products | 1,926 | 1,820 | 6 | % | |||||
Total Aggregates & Concrete | 3,515 | 3,341 | 5 | % | 7.2 | % | |||
of which | Western Europe | 1,459 | 1,394 | 5 | % | ||||
" | North America | 1,639 | 1,578 | 4 | % | ||||
" | Other countries | 417 | 369 | 13 | % | ||||
Sales (before elimination of inter divisional sales by origin) | |||||||||
(Millions of euros) | 2004Q3 | 2003Q3 | 04/03 | Like | |||||
for like | |||||||||
|
|||||||||
Total Aggregates & Concrete | 3,530 | 3,355 | 5 | % | 7.2 | % | |||
Aggregates & related products | 1,837 | 1,749 | 5 | % | 6.2 | % | |||
of which pure Aggregates | Total | 1,382 | 1,260 | 10 | % | ||||
" | Western Europe | 648 | 595 | 9 | % | ||||
" | North America | 635 | 582 | 9 | % | ||||
" | other countries | 99 | 83 | 19 | % | ||||
Ready-mix concrete & concrete products | 1,940 | 1,833 | 6 | % | 8.6 | % | |||
of which Ready-mix | Total | 1,830 | 1,703 | 7 | % | ||||
" | Western Europe | 831 | 778 | 7 | % | ||||
" | North America | 664 | 621 | 7 | % | ||||
" | other countries | 335 | 304 | 10 | % | ||||
Eliminations intra A&C | 247 | 227 | 9 | % | |||||
Page 8 of 17 Total Pages
Roofing (YTD)
Volumes by destination (adjusted for the contributions of our proportionally consolidated subsidiaries) | |||||||||
Like | |||||||||
2004Q3 | 2003Q3 | 04/03 | for like | ||||||
|
|||||||||
Concrete roof tiles | (millions of m²) | 95.8
|
94.7
|
1.2
|
%
|
1.1
|
% | ||
Western Europe (1) | 46.2 | 47.5 | 2.7 | % | |||||
North America | 16.8 | 14.7 | 14.3 | % | |||||
other countries (1) | 32.8 | 32.5 | 0.9 | % | |||||
Clay roof tiles | (millions of m²) | 19.7 | 19.2 | 2.6 | % | 1.5
|
% | ||
Western Europe | 18.0 | 18 | 0.0 | % | |||||
other countries | 1.7 | 1.2 | 41.7 | % | |||||
Chimneys | (kms) | 2,241 | 2,095 | 7.0 | % | 7.0
|
% | ||
Sales (after elimination of inter-divisional sales by destination) | |||||||||
(Millions of Euros) | Like | ||||||||
2004Q3 | 2003Q3 | 04/03 | for like | ||||||
|
|||||||||
Total | 1,123 | 1,119 | 0.4 | % | 1.2 | % | |||
Western Europe | 841 | 849 | 0.9 | % | |||||
Germany | 306 | 331 | 7.6 | % | |||||
Other countries | 535 | 518 | 3.3 | % | |||||
Other countries | 282 | 270 | 4.4 | % | |||||
Sales (before elimination of inter divisional sales by origin) | |||||||||
Like | |||||||||
(Millions of Euros) | 2004Q3 | 2003Q3 | 04/03 | for like | |||||
|
|||||||||
Total | 1,123 | 1,119 | 0.4 | % | 1.2 | % | |||
of which concrete roof tiles | Western Europe | 400 | 405 | 1.2 | % | ||||
" | North America | 82 | 79 | 3.8 | % | ||||
Other countries | 82 | 82 | 0.0 | % | |||||
of which clay roof tiles | 200 | 199 | 0.5 | % | |||||
of which chimneys (2) | 140 | 130 | 7.7 | % | |||||
of which other roofing products | 219 | 224 | 2.2 | % | |||||
(1) 2003 figures were restated with the correct
split of BRAMAC sales.
(2) Including the "other roofing products" of
the Chimney business.
Page 9 of 17 Total Pages
Gypsum (YTD)
Volumes of gypsum wallboard (adjusted for the contributions of our proportionally consolidated subsidiaries) | ||||||||
Like |
||||||||
(millions of m²) | 2004Q3 | 2003Q3 | 04/03 | for like |
||||
|
||||||||
Total | 504 | 470 | 7 | % | 7.2 |
% | ||
Sales (after elimination of inter-divisional sales by destination) | ||||||||
(Millions of euros) | Like | |||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Total | 1,009 | 896 | 13 | % | 12.6 | % | ||
of which Western Europe | 548 | 518 | 6 | % | ||||
of which North America | 196 | 167 | 17 | % | ||||
of which other countries | 265 | 211 | 26 | % | ||||
Sales (before elimination of inter divisional sales by origin) | ||||||||
(Millions of euros) | Like | |||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Total | 1,020 | 896 | 14 | % | 12.7 | % | ||
of which Western Europe | 574 | 518 | 11 | % | ||||
of which North America | 196 | 167 | 17 | % | ||||
of which other countries | 250 | 211 | 18 | % | ||||
Page 10 of 17 Total Pages
BCI total contribution (YTD)
Sales | ||||||
(Millions of euros) | ||||||
2004Q3 | 2003Q3 | 04/03 | ||||
By geographical zone of destination | ||||||
Western Europe | 760 | 775 | 2 | % | ||
North America | 565 | 506 | 12 | % | ||
Central and Eastern Europe | 4 | 7 | 43 | % | ||
Emerging Mediterranean | 18 | 21 | 14 | % | ||
Asia /Pacific | 331 | 352 | 6 | % | ||
Latin America & the Caribbean | 147 | 135 | 9 | % | ||
Sub Saharan Africa/Indian Ocean/Others | 235 | 178 | 32 | % | ||
By business line | ||||||
Cement | 1,577 | 1,538 | 3 | % | ||
Aggregates & Concrete | 645 | 415 | 12 | % | ||
Others | 18 | 21 | 14 | % | ||
Total | 2,060 | 1,974 | 4 | % | ||
Page 11 of 17 Total Pages
BCI contribution Cement (YTD)
Volumes by destination (adjusted for the contributions of our proportionaly consolidated subsidaries) | ||||||||
(millions of tonnes) | ||||||||
2004Q3 | 2003Q3 |
04/03 | ||||||
|
||||||||
Western Europe | 9.2 | 9.8 | 6 | % | ||||
North America | 5.3 | 3.9 | 36 | % | ||||
Central and Eastern Europe | 0.1 | 0.3 | 67 | % | ||||
Emerging Mediterranean | 0.6 | 0.8 | 25 | % | ||||
Asia/Pacific | 7.2 | 7.2 | 0 | % | ||||
Latin America & the Caribbean | 1.0 | 1.0 | 0 | % | ||||
Sub Saharan Africa/ Indian Ocean | 2.9 | 2.7 | 7 | % | ||||
|
|
|||||||
Total (1) | 26.3 | 25.7 | 2 | % | ||||
|
|
|||||||
Sales (after elimination of inter divisional sales by destination) | ||||||||
(Millions of euros) | ||||||||
Like |
||||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Western Europe | 704 | 711 | 1 | % | ||||
North America | 297 | 284 | 5 | % | ||||
Central and Eastern Europe | 4 | 7 | 43 | % | ||||
Emerging Mediterranean | 18 | 21 | 14 | % | ||||
Asia/Pacific | 266 | 288 | 8 | % | ||||
Latin America & the Caribbean | 53 | 49 | 8 | % | ||||
Sub Saharan Africa/Indian ocean/Others | 235 | 178 | 32 | % | ||||
Total consolidated sales | 1,577 | 1,538 | 3 | % | 6.8 | % | ||
(1) including special products now reported.
Page 12 of 17 Total Pages
BCI contribution Aggregates & Concrete (YTD)
Volumes by destination (adjusted for the contributions of our proportionaly consolidated subsidiaries) | ||||||||
Aggregates | 2004Q3 | 2003Q3 | 04/03 | |||||
(Millions of tonnes) | ||||||||
Western Europe | 0.2 |
0.2 |
0 |
% |
||||
North America | 9.4 |
8.5 |
11 |
% |
||||
Other countries | 2.8 |
2.3 |
22 |
% |
||||
Total | 12.4 | 11.0 | 13 | % | ||||
Concrete | 2004Q3 | 2003Q3 | 04/03 | |||||
(Millions of cbm) | ||||||||
Western Europe | 1.0 | 1.0 | 0 | % | ||||
North America | 2.6 | 1.7 | 53 | % | ||||
Other countries | 3.8 | 3.6 | 6 | % | ||||
Total | 7.4 | 6.3 | 17 | % | ||||
Sales (after elimination of inter divisional sales by destination) | ||||||||
(Millions of euros) | Like | |||||||
2004Q3 | 2003Q3 | 04/03 | for like | |||||
Aggregates & related products | 54 | 51 | 6 | % | ||||
Ready-mix concrete & concrete products | 411 | 364 | 13 | % | ||||
Total Aggregates & Concrete | 465 | 415 | 12 | % | 6.5 | % | ||
of which Western Europe | 52 | 54 | –4 | % | ||||
" North America | 268 | 222 | 21 | % | ||||
" Other countries | 145 | 139 | 4 | % | ||||
Page 13 of 17 Total Pages
BCI contribution Others (YTD)
Sales (after elimination of inter divisional sales) | ||||||
(Millions of euros) | 2004Q3 | 2003Q3 | 04/03 | |||
Others | 18 | 21 | –14 | % | ||
Page 14 of 17 Total Pages
Sales September 30th 2004
Ytd Sales variance analysis
by region and in major domestic markets*
Volume effect | Price, product, | Activity variation | ||||||||
% | customer & other mix | vs 2003 % | ||||||||
effect | ||||||||||
% | ||||||||||
CEMENT | ||||||||||
Western Europe | 0.4 | 3.0 | 3.4 | |||||||
France | 7.9 | 1.7 | 9.6 | |||||||
United Kingdom | -0.6 | -0.1 | -0.7 | |||||||
Spain | 0.2 | 2.9 | 3.1 | |||||||
Germany | -4.0 | 12.0 | 8.0 | |||||||
Greece | -7.9 | 4.8 | -3.1 | |||||||
Central Europe | 7.1 | 9.6 | 16.7 | |||||||
Poland | 9.0 | -0.6 | 8.4 | |||||||
Romania | 5.8 | 19.7 | 25.5 | |||||||
Serbia | 1.6 | 9.1 | 10.7 | |||||||
Russia | 3.4 | 18.0 | 21.4 | |||||||
Mediterranean Basin | 12.7 | 7.3 | 20.0 | |||||||
Turkey | 15.9 | 22.2 | 38.1 | |||||||
Morocco | 5.5 | -7.0 | -1.5 | |||||||
Jordan | 24.5 | 5.0 | 29.5 | |||||||
Egypt | -6.7 | 41.4 | 34.7 | |||||||
North America | 10.6 | 1.0 | (1) |
11.6 | ||||||
Latin America, Caraibs | 4.4 | -1.3 | 3.1 | |||||||
Brazil | -6.7 | -3.6 | -10.3 | |||||||
Venezuela | 46.7 | 8.8 | 55.5 | |||||||
Chile | 7.9 | -2.4 | 5.5 | |||||||
Africa, Indian Ocean | 16.8 | 15.8 | 32.6 | |||||||
Kenya | 15.5 | -0.8 | 14.7 | |||||||
Nigeria | 18.4 | 33.2 | 51.6 | |||||||
South Africa | 23.7 | 14.3 | 38.0 | |||||||
Asia, Middle East | 3.6 | 5.6 | 9.2 | |||||||
Indonesia | 2.5 | 4.4 | 6.9 | |||||||
Malaysia | -4.7 | -0.8 | -5.5 | |||||||
Philippines | 1.9 | 34.7 | 36.6 | |||||||
India | 17.8 | 6.9 | 24.7 | |||||||
South Korea | -9.0 | -2.2 | -11.2 | |||||||
Total CEMENT | 5.2 | 4.9 | 10.1 | |||||||
AGGREGATES and related activities | ||||||||||
France (pure Aggregates) | 5.2 | 2.7 | 7.9 | |||||||
United Kingdom (pure Aggregates) | -4.3 | 2.5 | -1.9 | |||||||
North America (pure Aggregates) | 12.3 | 2.1 | 14.4 | |||||||
Pure Aggregates | 8.1 | -0.9 | (2) | 9.0 | ||||||
Total Aggregates and related activities | 6.2 | |||||||||
CONCRETE and related activities | ||||||||||
France (readymix) | 7.7 | 3.4 | 11.1 | |||||||
UK (readymix) | 3.0 | 3.0 | 6.0 | |||||||
North America (readymix) | 5.8 | 1.5 | 7.2 | |||||||
Total Readymix | 6.3 | 2.5 | 8.9 | |||||||
Total Concrete and related activities | 8.6 | |||||||||
* | Variance on like for like sales before elimination of sales between Divisions |
(1) | Thereof price effects for Grey cement only: 1.9% |
(2) | Thereof price effects at constant country mix: 2.6% |
Page 15 of 17 Total Pages
Sales September 30th
2004
Ytd
Sales variance analysis by region and in major domestic markets.*
Price, product, | ||||||
Volume effect | customer & other mix | Activity variation | ||||
% | effect | vs 2003 % | ||||
% | ||||||
ROOFING | ||||||
Western Europe Concrete T&F | -2.8 | 0.7 | -2.0 | |||
Western Europe Clay T&F | 0.9 | -0.6 | 0.3 | |||
UK | 0.0 | 1.3 | 1.3 | |||
Concrete | -0.6 | 1.0 | 0.4 | |||
Clay | 1.8 | 2.0 | 3.8 | |||
France | 3.0 | 4.2 | 7.1 | |||
Concrete | 2.5 | 2.0 | 4.6 | |||
Clay | 4.0 | 4.8 | 8.8 | |||
Germany | -6.5 | -1.9 | -8.4 | |||
Concrete | -10.5 | 1.6 | -8.9 | |||
Clay | -3.2 | -3.6 | -6.8 | |||
United States (Concrete) | 14.5 | -0.5 | 14.0 | |||
Chimneys | 6.5 | 1.5 | 8.0 | |||
Accessories | -0.9 | -0.9 | ||||
Total ROOFING | 1.2 | |||||
GYPSUM | ||||||
BOARDS | ||||||
Western Europe | 6.5 | 0.7 | 7.1 | |||
North America | 5.6 | 24.2 | 29.9 | |||
Asia / Pacific | 5.2 | -4.5 | 0.7 | |||
TOTAL GYPSUM | 12.7 | |||||
* | Variance on like for like sales before elimination of sales between Divisions |
Page 16 of 17 Total Pages
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date October 21, 2004 | Lafarge | ||
(Registrant) | |||
By: | /s/ Jean-Pierre Cloiseau | ||
Name: | Jean-Pierre Cloiseau | ||
Title: | Senior Vice President, Finance |
Page 17 of 17 Total Pages