Sales registered by the Lafarge Group for the first six months of 1999 amounted to euro 4,861 million (FRF31,890 million), an increase of 6.2% from the euro 4,578 million (FRF30,029 million) reported at June 30, 1998.
Sales growth was influenced by the following factors:
- The currency effect had a negative impact of 2.5%, primarily reflecting depreciation of the Brazilian real and Canadian dollar.
- Changes in the scope of consolidation had a positive impact of 6.4%.
Newly consolidated companies, including Jordan Cement Factory (Jordan), Seacem and Continental (Philippines), gypsum activities in South Korea and Lafarge South Africa, contributed additional sales of euro 357 million (FRF2,344 million).
Deconsolidated operations primarily reflected the disposal of certain aggregates operations in France and a change in accounting method for the lime business in North America.
- Increase in business had a positive impact of 2.3%.
Sales were up from the prior-year period in all the Divisions except Specialty Products, which recorded a decrease of 1.1%. The increase amounted to 2.6% in Cement, 2.6% in Aggregates & Concrete, 1.9% in Roofing and 6.6% in Gypsum.
Growth was stronger in the second quarter (up 3.5%) thanks to continuing favorable business conditions in North America and good sales trends in Western Europe, notably in Spain and France.
|In millions of euros||June 30, 1999||June 30, 1998|
|Aggregates & Concrete||1,447||1,415|