PARIS Feb 19 Lafarge's sales and
profit took a hit from volatile currencies in the fourth quarter
but the French cement maker stuck to its cost savings and debt
reduction targets on Wednesday, betting on continued growth in
emerging markets and a recovery in North America and Europe.
Quarterly earnings before interest, tax, depreciation and
amortisation (EBITDA) fell 6 percent to 793 million euros ($1.09
billion), while sales dipped 2 percent to 3.71 billion.
Analysts polled by Reuters had on average expected quarterly
sales of 3.7 billion euros and EBITDA of 853 million.
The group kept its dividend stable at 1 euro per share and
reaffirmed its target to achieve at least 600 million euros of
EBITDA this year from cost reduction and innovation measures,
and to reduce net debt below 9 billion.
($1 = 0.7272 euros)
(Reporting by Natalie Huet; Editing by James Regan)