Report
Ameerat Adamu ...
  • ARM Research
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Lafarge Africa Plc 2024FY Earnings Note | Resilience amid Headwinds

Lafarge Africa Plc (WAPCO) demonstrated robust resilience in 2024FY despite significant macroeconomic headwinds, delivering strong revenue growth and overall financial performance. The company effectively managed costs and drove bold innovation, launching three new products during the year. We believe the company will continue this profitability trajectory.

WAPCO's profitability is expected to continue its positive trend in 2025FY, driven by projected increases in sales volume stemming from Federal Government of Nigeria (FGN) and private infrastructural projects, as well as potential export opportunities.
Underlying
Lafarge Africa PLC

Provider
ARM Securities Limited
ARM Securities Limited

ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape. ​

Analysts
Ameerat Adamu

ARM Research

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