Event

Lafarge Africa Plc achieved a robust financial performance in Q2 2024, with a 49% year-on-year revenue growth to N157.80 billion (Q2 2023: N105.86 billion). We attribute this growth to higher pricing and increased sales volume during the period. This underscores the strong fundamentals of the cement sector. The sector showed resilient demand, potentially fueled by increased infrastructure projects by the Federal Government and ongoing private sector construction activities.

Outlook

We revised our revenue projection for FY 2024 to N588.85 billion, up from our previous estimate of N530.59 billion. This adjustment reflects our expectation of higher prices along with the Group’s focus on sustainability and innovation. Furthermore, the recent launch of “Watershield“, a new waterproof cement in Q2 2024, is expected to contribute to topline growth.

Please follow the link “Lafarge Q2 2024 – Revenue Growth Mitigates Cost Pressures” to view the whole report.                                                                      

Thank you.