Lafarge S.A.
Lafarge S.A.: Full year 2003 sales in line with expectations (Part 2 of 2)
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Lafarge S.A.: Full year 2003 sales in line with expectations (Part 2 of 2)
NEGATIVE FOREIGN EXCHANGE IMPACT OF -9.0% AMOUNTING TO EUR 1,287 MILLION
The effect of foreign currency fluctuations on 2003 sales was significant and
particularly the weakness of the US Dollar. Major translation impacts on sales
were generated in the following currencies: US Dollar (EUR 570 million), Pound
Sterling (EUR 134 million), Canadian Dollar (EUR 84 million), Malaysian Ringgit
(EUR 71 million), and the Brazilian Real (EUR 50 million).
SCOPE CHANGES OF -2.1% AMOUNTING TO EUR 255 MILLION
Sales from acquisitions in 2003 amounted to a positive scope effect of EUR 156
million. The reduction in sales due to negative scope totaled EUR 411 million
with the divestment of Andalousian cement operations in 2002 accounting for
EUR115 million and the Florida operations in 2003 for EUR30 million.
end of ad-hoc-announcement (c)DGAP 28.01.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
CONSOLIDATED SALES AS AT DECEMBER 31, 2003
Dec 31, 2003 Dec 31, 2002 Variation At constant At constant
EUR Million EUR Million scope scope and
and foreign foreign exchange
exchange before inter
divisional sales
elimination
Cement 6,383 6,948 -8.1% +5.1% +5.3%
Aggregates
& Concrete 4,465 4,768 -6.4% +3.8% +3.8%
Roofing 1,510 1,538 -1.8% +3.0% +3.0%
Gypsum 1,194 1,146 +4.2% +6.4% +6.6%
Others 106 210 -49.5% +9.3%
TOTAL 13,658 14,610 -6.5% +4.6% NA
Lafarge is the world leader in building materials, and employs 77,000 people in
75 countries. The Group holds top-ranking positions in all four of its
Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. More information
is available on: http://www.lafarge.com
Lafarge’s next financial publication – 2003 full year financial results – will
be on February 26, 2004 (before the Euronext stock market opens.)
For release worldwide with simultaneous release in the United States.
PRESS CONTACTS: INVESTOR RELATIONS:
Véronique Doux: 33-1 44-34-19-47 James Palmer: 33-1 44-34-92-93
veronique.doux@lafarge.com james.palmer@lafarge.com
Brunswick Danièle Daouphars: 33-1 44-34-92-93
Stéphanie Tessier 33-1 53-96-83-79 daniele.daouphars@lafarge.com
stessier@brunswickgroup.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
Commission des Opérations de Bourse and the US Securities and Exchange
Commission including its Reference Document COB number D03-0375 as updated on
June 5, 2003 and November 17, 2003 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.
Conference Call on Full Year Sales to December 31, 2003
Following the release of Lafarge’s sales to December 31, 2003, a conference
call will be held on:
January 28th, 2004 at 15:30 French time, in English
(14:30 UK time; 09:30AM EDT in North America)
The speakers will be:
Jean-Jacques Gauthier – Executive Vice President, Finance
James Palmer – Vice-President Investor Relations
Danièle Daouphars – Manager Investor Relations
If you wish to participate in the conference call, please dial:
From France +33 (0) 1 70 99 32 98
From UK +44 (0) 20 8400 6302
From UK toll free 0 800 358 2342
From USA +1 303 205 0066
From USA toll free +1 800 219 6110
Conference call name: “Lafarge conference call”
A replay of the conference call will be available from January 28th, 2004 at
7.30 pm CET to February 5th, 2004 at 7.30 pm CET at the following numbers:
From France ++33 (0) 1 70 99 32 94 Access code: 132273#
From UK +44 (0) 20 8797 2499 Access code: 965276#
From USA +1 303 590 3000 Access code: 566807#
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WKN: 850646; ISIN: FR0000120537; Index:
Listed: Amtlicher Handel in Düsseldorf und Frankfurt (General Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
280834 Jän 04
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