FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of: April, 2007
Commission File Number : 001-15218
LAFARGE
(Translation of registrant’s name into English)
61, rue des Belles Feuilles
75116 Paris
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
Enclosures:
Press Release, dated April 10, 2007, relating to the Historical Information on 2006 Quarterly Results
Page 1 of 6 Total Pages
 |
| PRESS RELEASE | ||
| Paris, April 10, 2007 | Euronext: LG, NYSE: LR | |
HISTORICAL INFORMATION ON 2006 QUARTERLY RESULTS
Ahead of the publication of its results for the first quarter 2007, which will take place on May 3, 2007 before stock market opening, Lafarge releases 2006 quarterly historical information. In order to reflect its divestment, effective February 29, 2007, the Roofing activity is presented in the Group’s financial statements as discontinued operations.
You may download more detailed information about these 2006 historical quarterly figures (including geographical information) on the web site at www.lafarge.com (Homepage “Finance”).
Consolidated statements of income (unaudited)
| 2006 | |||||||||||||||||
| MILLION EUROS, EXCEPT PER SHARE DATA |
1st QUARTER |
2nd QUARTER |
3rd QUARTER |
4th QUARTER |
12 MONTHS |
||||||||||||
| Revenue |
3,478 | 4,576 | 4,656 | 4,199 | 16,909 | ||||||||||||
| Cost of sales |
(2,813 | ) | (3,222 | ) | (3,308 | ) | (3,042 | ) | (12,385 | ) | |||||||
| Selling and administrative expenses |
(447 | ) | (438 | ) | (407 | ) | (460 | ) | (1,752 | ) | |||||||
| Current operating income (1) |
218 | 916 | 941 | 697 | 2,772 | ||||||||||||
| Gains (losses) on disposals |
(3 | ) | 1 | 7 | 23 | 28 | |||||||||||
| Other operating income (expenses) |
(9 | ) | (36 | ) | 52 | (129 | ) | (122 | ) | ||||||||
| Operating income |
206 | 881 | 1,000 | 591 | 2,678 | ||||||||||||
| Finance (costs) income |
(107 | ) | (80 | ) | (149 | ) | (149 | ) | (485 | ) | |||||||
| Income from associates |
9 | 9 | 9 | 3 | 30 | ||||||||||||
| Income from continuing operations before income tax |
108 | 810 | 860 | 445 | 2,223 | ||||||||||||
| Income tax |
(23 | ) | (241 | ) | (271 | ) | (95 | ) | (630 | ) | |||||||
| Net income from continuing operations |
85 | 569 | 589 | 350 | 1,593 | ||||||||||||
| Net income from discontinued operations |
(15 | ) | 13 | 39 | (41 | ) | (4 | ) | |||||||||
| Net Income |
70 | 582 | 628 | 309 | 1,589 | ||||||||||||
| Out of which: |
|||||||||||||||||
| Group share |
58 | 490 | 548 | 276 | 1,372 | ||||||||||||
| Minority interests |
12 | 92 | 80 | 33 | 217 | ||||||||||||
| Basic earnings per share (euros) |
0.33 | 2.81 | 3.14 | 1.58 | 7.86 | ||||||||||||
| Diluted earnings per share (euros) |
0.33 | 2.79 | 3.10 | 1.53 | 7.75 | ||||||||||||
| (1) | Operating income before capital gains, impairment, restructuring and other |
Page 2 of 6 Total Pages
Consolidated balance sheets (unaudited)
| 2006, AT | ||||||||||||
| MILLION EUROS |
MARCH, 31 |
JUNE, 30 |
SEPTEMBER, 30 |
DECEMBER, 31 |
||||||||
| ASSETS |
||||||||||||
| Non-current assets |
20,499 | 21,701 | 22,171 | 20,447 | ||||||||
| Goodwill |
6,616 | 8,076 | 8,184 | 7,484 | ||||||||
| Intangible assets |
357 | 368 | 375 | 426 | ||||||||
| Property, plant and equipment |
12,097 | 11,920 | 12,103 | 11,183 | ||||||||
| Investments in associates |
387 | 390 | 405 | 253 | ||||||||
| Other financial assets |
689 | 659 | 790 | 830 | ||||||||
| Derivative instruments - assets |
59 | 40 | 65 | 70 | ||||||||
| Deferred income tax assets |
294 | 248 | 249 | 201 | ||||||||
| Current assets |
7,306 | 7,420 | 7,762 | 9,367 | ||||||||
| Inventories |
1,972 | 1,890 | 1,883 | 1,619 | ||||||||
| Trade receivables |
2,806 | 3,408 | 3,519 | 2,674 | ||||||||
| Other receivables |
913 | 944 | 1,017 | 1,126 | ||||||||
| Derivative instruments |
84 | 106 | 62 | 60 | ||||||||
| Cash and cash equivalents |
1,531 | 1,072 | 1,281 | 1,155 | ||||||||
| Assets held for sale |
— | — | — | 2,733 | ||||||||
| Total Assets |
27,805 | 29,121 | 29,933 | 29,814 | ||||||||
| LIABILITIES |
||||||||||||
| Common stock |
704 | 705 | 705 | 707 | ||||||||
| Additional paid-in capital |
6,327 | 6,355 | 6,368 | 6,420 | ||||||||
| Treasury shares |
(94 | ) | (92 | ) | (82 | ) | (72 | ) | ||||
| Retained earnings |
2,083 | 2,126 | 2,747 | 3,023 | ||||||||
| Other reserves |
146 | 125 | 85 | 120 | ||||||||
| Foreign currency translation |
653 | 273 | 347 | 205 | ||||||||
| Shareholders’ equity - Parent company |
9,819 | 9,492 | 10,170 | 10,403 | ||||||||
| Minority interests |
2,503 | 1,327 | 1,398 | 1,391 | ||||||||
| Equity |
12,322 | 10,819 | 11,568 | 11,794 | ||||||||
| Non-current liabilities |
10,413 | 11,519 | 12,500 | 11,859 | ||||||||
| Deferred income tax liabilities |
552 | 575 | 653 | 577 | ||||||||
| Pension& other employee benefits liabilities |
1,182 | 1,161 | 1,243 | 906 | ||||||||
| Provisions |
995 | 996 | 952 | 935 | ||||||||
| Long-term debt |
7,660 | 8,769 | 9,629 | 9,421 | ||||||||
| Derivative instruments |
24 | 18 | 23 | 20 | ||||||||
| Current liabilities |
5,070 | 6,783 | 5,865 | 6,161 | ||||||||
| Pension & other employee benefits liabilities, current portion |
151 | 143 | 47 | 120 | ||||||||
| Provisions, current portion |
109 | 132 | 163 | 132 | ||||||||
| Trade payables |
1,569 | 1,626 | 1,631 | 1,598 | ||||||||
| Other payables |
1,589 | 1,802 | 1,911 | 1,668 | ||||||||
| Income tax payable |
12 | 39 | 96 | 136 | ||||||||
| Short term debt and current portion of long-term debt |
1,610 | 3,022 | 1,985 | 1,664 | ||||||||
| Derivative instruments |
30 | 19 | 32 | 25 | ||||||||
| Liabilities associated with assets held for sale |
— | — | — | 818 | ||||||||
| Total equity and liabilities |
27,805 | 29,121 | 29,933 | 29,814 | ||||||||
Page 3 of 6 Total Pages
Consolidated statements of cash flows (unaudited)
| 2006 | |||||||||||||||||
| MILLION EUROS |
1st QUARTER |
2nd QUARTER |
3rd QUARTER |
4th QUARTER |
12 MONTHS |
||||||||||||
| Net cash provided by (used in) operating activities |
|||||||||||||||||
| Net income |
70 | 582 | 628 | 309 | 1,589 | ||||||||||||
| Net income (loss) from discontinued operations |
(15 | ) | 13 | 39 | (41 | ) | (4 | ) | |||||||||
| Net income from continuing operations |
85 | 569 | 589 | 350 | 1,593 | ||||||||||||
| Adjustments for income and expenses non cash or not related to operating activities, for financial expenses and income taxes : |
|||||||||||||||||
| Depreciation and amortization of assets |
229 | 235 | 227 | 241 | 932 | ||||||||||||
| Impairment losses |
— | — | — | 23 | 23 | ||||||||||||
| Income from associates |
(9 | ) | (9 | ) | (9 | ) | (3 | ) | (30 | ) | |||||||
| (Gains) on disposals, net |
(1 | ) | 3 | (7 | ) | (23 | ) | (28 | ) | ||||||||
| Finance costs (income) |
107 | 80 | 149 | 149 | 485 | ||||||||||||
| Income taxes |
23 | 241 | 271 | 95 | 630 | ||||||||||||
| Others, net |
(21 | ) | 66 | (44 | ) | 89 | 90 | ||||||||||
| Change in operating working capital items, excluding financial expenses and income taxes |
(292 | ) | (346 | ) | (104 | ) | 485 | (257 | ) | ||||||||
| Net operating cash provided by continuing operations before impacts of financial expenses and income taxes |
121 | 839 | 1,072 | 1,406 | 3,438 | ||||||||||||
| Cash payments for financial expenses |
(99 | ) | (110 | ) | (66 | ) | (238 | ) | (513 | ) | |||||||
| Cash payments for income taxes |
(76 | ) | (149 | ) | (124 | ) | (194 | ) | (543 | ) | |||||||
| Net operating cash provided by continuing activities |
(54 | ) | 580 | 882 | 974 | 2,382 | |||||||||||
| Net operating cash provided by discontinued activities |
(105 | ) | 52 | 119 | 118 | 184 | |||||||||||
| Net cash provided by operating activities |
(159 | ) | 632 | 1,001 | 1,092 | 2,566 | |||||||||||
| Net cash provided by (used in) investing activities |
|||||||||||||||||
| Capital expenditures |
(304 | ) | (378 | ) | (370 | ) | (587 | ) | (1,639 | ) | |||||||
| Investment in subsidiaries and joint ventures (1) |
(70 | ) | (2,911 | ) | (101 | ) | (69 | ) | (3,151 | ) | |||||||
| Investment in associates |
(2 | ) | (4 | ) | — | (4 | ) | (10 | ) | ||||||||
| Investment in available for sale investments |
(18 | ) | (4 | ) | 3 | 5 | (14 | ) | |||||||||
| Disposals (2) |
23 | 73 | 28 | 56 | 180 | ||||||||||||
| Net decrease (increase) in loans and long-term receivables |
4 | (5 | ) | (11 | ) | (3 | ) | (15 | ) | ||||||||
| Net cash provided by (used in) investing activities from continuing operations |
(367 | ) | (3,229 | ) | (451 | ) | (602 | ) | (4,649 | ) | |||||||
| Net cash provided by (used in) investing activities from discontinued operations |
(25 | ) | (34 | ) | (62 | ) | (77 | ) | (198 | ) | |||||||
| Net cash provided by (used in) investing activities |
(392 | ) | (3,263 | ) | (513 | ) | (679 | ) | (4,847 | ) | |||||||
Page 4 of 6 Total Pages
| 2006 | |||||||||||||||||
| MILLION EUROS |
1st QUARTER |
2nd QUARTER |
3rd QUARTER |
4th QUARTER |
12 MONTHS |
||||||||||||
| Net cash provided by (used in) financing activities |
|||||||||||||||||
| Proceeds from issuance of common stock |
4 | 8 | 6 | 30 | 48 | ||||||||||||
| Proceeds from issuance of common stock – minority interests subscription |
40 | 132 | (26 | ) | 2 | 148 | |||||||||||
| Decrease in treasury shares |
4 | 2 | 10 | 10 | 26 | ||||||||||||
| Dividends paid |
— | (447 | ) | — | — | (447 | ) | ||||||||||
| Dividends paid by subsidiaries to minority interests |
(9 | ) | (85 | ) | (57 | ) | (19 | ) | (170 | ) | |||||||
| Proceeds from issuance of long-term debt |
32 | 2,641 | 54 | 614 | 3,341 | ||||||||||||
| Repayment of long-term debt |
(593 | ) | (814 | ) | (205 | ) | (601 | ) | (2,213 | ) | |||||||
| Increase (decrease) in short-term debt |
874 | 765 | (6 | ) | (485 | ) | 1,148 | ||||||||||
| Net cash provided by (used in) financing activities from continuing operations |
352 | 2,202 | (224 | ) | (449 | ) | 1,881 | ||||||||||
| Net cash provided by (used in) financing activities from discontinued operations |
19 | (18 | ) | (6 | ) | 20 | 15 | ||||||||||
| Net cash provided by (used in) financing activities |
371 | 2,184 | (230 | ) | (429 | ) | 1,896 | ||||||||||
| Increase (decrease) in cash and cash equivalent of continuing operations |
(69 | ) | (447 | ) | 207 | (77 | ) | (386 | ) | ||||||||
| Increase (decrease) in cash and cash equivalents of discontinued operations |
(111 | ) | — | 51 | 61 | 1 | |||||||||||
| Net effect of foreign currency translation on cash and cash equivalents |
(24 | ) | (12 | ) | (49 | ) | (12 | ) | (97 | ) | |||||||
| Cash and cash equivalents at beginning of the period |
1,735 | 1,531 | 1,072 | 1,281 | 1,735 | ||||||||||||
| Reclassification of cash and cash equivalents of discontinued operations |
— | — | — | (98 | ) | (98 | ) | ||||||||||
| Cash and cash equivalents at end of the period |
1,531 | 1,072 | 1,281 | 1,155 | 1,155 | ||||||||||||
| (1) Net of cash and cash equivalents of companies acquired |
— | 2 | 2 | 1 | 5 | ||||||||||||
| (2) Net of cash and cash equivalents of companies disposed of |
— | 2 | — | 2 | 4 | ||||||||||||
| COMMUNICATIONS |
INVESTOR RELATIONS | |||||
| Stéphanie Tessier: | +33(1) 44 34 92 32 | Yvon Brindamour: | +33(1) 44 34 11 26 | |||
| Stephanie.tessier@lafarge.com | Yvon.brindamour@lafarge.com | |||||
| Lucy Wadge: | +33(1) 44 34 19 47 | Danièle Daouphars: | +33(1) 44 34 11 51 | |||
| Lucy.wadge@lafarge.com | Daniele.daouphars@lafarge.com | |||||
| Claire Mathieu: | +33(1) 44 34 18 18 | Stéphanie Billet: | +33(1) 44 34 94 59 | |||
| Claire.mathieu@lafarge.com | Stephanie.billet@lafarge.com | |||||
Page 5 of 6 Total Pages
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date April 11, 2007 | Lafarge (Registrant) | |||
| By: | /s/ Jean-Jacques Gauthier | |||
| Name: | Jean-Jacques Gauthier | |||
| Title: | Chief Financial Officer and | |||
| Executive Vice President | ||||
Page 6 of 6 Total Pages