Lafarge SA (LG), the world’s largest cement maker, said it is targeting a return on capital of more than 8 percent in 2015.
The company said in an e-mailed statement that it expects to generate at least 1.75 billion euros in earnings before interest, taxes and depreciation, or ebitda, for the four years from 2012 through 2015. The goals will be achieved through cost cuts and an increase in earnings, the company said.
Lafarge, based in Paris sees cost savings of 1.3 billion euros for the 2012-2015 period, and plans to reduce net debt to below 10 billion euros in 2013.
The company expects to cut costs by 400 million euros by the end of this year and by 350 million euros in 2013.
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