Saint-Gobain sees nine-month sales rise 5.5 percent

21st October 2010, Comments 0 comments

French construction materials group Saint-Gobain said Thursday it had posted a 5.5 percent rise in sales in the first nine months of the year to 30 billion euros (41.74 billion dollars).

Stripping out currency fluctuations and other changes, consolidated sales climbed 1.4 percent on a like-for-like basis, including a positive 0.8 percent volume impact and a positive 0.6 percent price effect.

In the third quarter sales rose to 10.48 billion euros, which the company said represented 2.3 percent organic growth and confirmed the gradual improvement in its main businesses.

Saint-Gobain said it "should keep a positive momentum" in the fourth quarter, despite a significantly tougher basis for comparison, thanks to continued strong growth in Asia and emerging countries and consolidation of improvement in construction markets across Western Europe.

© 2010 AFP

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