Saint-Gobain: 5.8% decline in Q1 sales
(CercleFinance.com) - Saint-Gobain reports Q1 sales of E11.
35bn, down 5.8% LFL, affected by the decline in new construction in Europe, although supported by growth in the Americas and Asia-Pacific.
As anticipated, volumes were down 4.7% in Q1 2024 - with a -1.5% working-day effect at group level - representing a LFL improvement on the figures for Q4 2023 (-4.5%).
Saint-Gobain believes that the acquisitions of CSR Limited and Bailey will strengthen the group's profitable growth profile.
Despite an environment that remains difficult in certain markets, Saint-Gobain is targeting a double-digit operating margin for the fourth year running in 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
35bn, down 5.8% LFL, affected by the decline in new construction in Europe, although supported by growth in the Americas and Asia-Pacific.
As anticipated, volumes were down 4.7% in Q1 2024 - with a -1.5% working-day effect at group level - representing a LFL improvement on the figures for Q4 2023 (-4.5%).
Saint-Gobain believes that the acquisitions of CSR Limited and Bailey will strengthen the group's profitable growth profile.
Despite an environment that remains difficult in certain markets, Saint-Gobain is targeting a double-digit operating margin for the fourth year running in 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.