Euronext: LG, NYSE: LR
Lafarge announces the results of its assessment of its internal control over financial reporting, carried out in accordance with the provisions of section 404 of the Sarbanes-Oxley Act. These results, which confirm the efficiency of the Group's internal control over financial reporting, have been certified by Lafarge's auditors.
This announcement has been made despite the fact that the obligations set out by the Sarbanes-Oxley Act in terms of internal controls only apply to European companies listed in the United States as from the 2006 fiscal year. Lafarge has therefore become one of the first groups outside the United States to be compliant with section 404 of the Sarbanes-Oxley Act.
Bruno Lafont, CEO of Lafarge, commented:
“This project has mobilized thousands of our employees around the world over a very short period of time and I am proud of the quality of the work carried out and of the result achieved. This certification attests to the transparency and reliability of our financial processes. It is also a sign of the increased strength and efficiency of our operational processes and a solid base from which to accelerate their standardization.”
Lafarge is the world leader in building materials, with top-ranking positions in all four of its businesses: Cement, Aggregates & Concrete, Roofing and Gypsum. With 80,000 employees in 75 countries, Lafarge posted sales of Euros 16 billions in 2005.
Lafarge is the only construction materials company to be listed in the 2006 ‘100 Global Most Sustainable Corporations in the World'. Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.
For release worldwide with simultaneous release in the United States.
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