Saint-Gobain: Q1 sales down 6%

(CercleFinance.com) - Saint-Gobain has reported Q1 sales of E11.
4bn, down 5.8% LFL, weighed on by the decline in new construction in Europe, although boosted by growth in the Americas and Asia-Pacific. Reported sales fell 8.5%.

Against this backdrop, the group highlights significant strategic progress, with the acquisitions of CSR Limited and Bailey, leading players in sustainable and lightweight construction in the high-growth markets of Australia and Canada.

Saint-Gobain states that the processes required to complete these deals are underway.

In a geopolitical and macroeconomic environment that remains difficult, Saint-Gobain still targets double-digit operating margin in 2024 - for the fourth consecutive year.


Copyright (c) 2024 CercleFinance.com. All rights reserved.