Saint-Gobain reports organic growth, at 4.2% for the nine-month period
Reporting sales for the first nine months of 2017, Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, said: “The third quarter confirmed the upbeat trends seen in the first half excluding the impact of the cyber-attack. All Business Sectors and regions advanced, including France. We continued to see a good price effect against a tougher basis for comparison, but not yet sufficient in all of the Group’s businesses given the more inflationary raw material and energy cost environment. The Group continued to focus on its strategic priorities, signing 23 acquisitions since the beginning of the year, including the recently finalized Glava deal.
Saint-Gobain confirms its objective for the full year 2017 and expects the like-for-like increase in operating income for the second half to be above the level achieved in the first half despite ongoing inflationary pressure on costs.”
Consolidated sales for the first nine months of 2017 came in at EUR 30,570 million, compared to EUR 29,306 million for the first nine months of 2016.
The 0.8% positive Group structure impact essentially reflects the consolidation of acquisitions made in Asia and emerging countries (Emix, Solcrom, Tumelero), in new niche technologies and services (H-Old, Isonat, France Pare-Brise), and to further strengthen our positions in Building Distribution (particularly in Nordic countries).
Currency movements had a 0.7% negative impact over the first nine months of the year, with a sign...
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