Saint-Gobain Reports 7.6 Percent Sales Increase in First Quarter

Saint-Gobain reported an improvement in volumes which increased 6.0 percent, with a positive calendar impact averaging around 3 percent, according to the company’s financial report for the first quarter of 2017. The report also notes a currency impact of 0.4 percent and group structure impact of 0.8 percent.

The company reported sales to be on a like-for-like basis of $10,850 million (€9,937million), an increase of 7.6 percent, with prices continuing to rise from the second half of last year, up 1.6 percent over the quarter. All of the company’s regions were able to report a positive price impact, including France and North America.

Saint-Gobain also reported its flat glass sales to have increased 9.4 percent, noting that Brazil declined in its construction segment, but increased in its automotive segment.

“The first quarter saw robust trading. The good momentum in sales volumes observed in 2016 continued at the start of the year in all Business Sectors and regions. France benefited from the recovery in new-build activity, while other Western European countries delivered further growth. North America and emerging markets had a good start to the year. The Group continued to pursue its priorities, focusing particularly on sales prices amid a more inflationary backdrop. We confirm our target of a further like-for-like increase in operating income for the full year 2017,” said Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain.

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