“In Romania, year-to-date cement volumes improved 2%, with a strong rebound from the residential segment compensating for a contraction of infrastructure works,” Lafarge said in its earnings report released Wednesday .
In the first quarter, Lafarge cement sales in Romania increased 37.4% compared to the same period of 2013, and registered a decline of 4% in the second quarter.
On a global level, Lafarge posted a 3% decline in sales in the first nine months, to EUR9.63 billion, from EUR9.93 billion in the same period in 2013. Under comparable conditions (at a constant exchange rate), the variation stood at plus 4%.
The group’s nine-month net profit declined 26%, to EUR288 million, from RON388 million in the same period in 2013.
Lafarge will sell its Romanian operations as part of its merger with Swiss group Holcim.
Lafarge owns two cement plants and one milling station in Romania.