Lafarge Africa Plc unveiled its 2021 Audited results for the year 2021.
Major Points to Note:
Record FY 2021 Results
- Net Sales up 27.1% vs PY; Recurring EBIT up 42.6% vs PY and Net Income up 65.4%
- Robust free cash flow after lease of N43.4bn
- Strengthened Balance Sheet with net cash position of N 26.8bn
- Focus on Health and Safety and on accelerating our sustainability initiatives
PERFORMANCE OVERVIEW
FY 2021 Financial Highlights
Khaled El Dokani, CEO of Lafarge Africa, commented: “Our 2021 performance showed significant improvement, with net sales of +27.1%, recurring EBIT of +42.6% and net income of +65.4%, compared to FY 2020 results. We are equally pleased with the progress we are making on sustainability; our use of affordable clean energy and agro-ecology footprint are in accordance with our net zero pledge journey”.
2022 OUTLOOK
- Good demand momentum expected in 2022.
- We will continue to maximize volume opportunities across our markets and actively manage our costs.
- We will consolidate our efforts on Sustainability.
About Lafarge Africa Plc
Lafarge Africa Plc, a leading Sub-Saharan Africa building solutions company is a member of Holcim Limited, a world leader in building solutions accelerating our world’s green transformation. Listed on the Nigerian Exchange Group, Lafarge Africa is actively participating in the urbanization and economic growth of Nigeria, the largest economy in Africa.
Lafarge Africa has the widest footprint in Nigeria with cement operations in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State) with Ready-Mix operations in Lagos, Abuja and Port Harcourt. Lafarge Africa has a current installed cement production capacity of 10.5Mtpa.
Lafarge Africa leverages on its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. Additional information is available on the web site at www.lafarge.com.ng
