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4 months ago
Construction group St Gobain first quarter sales rise 8.8 percent, keeps financial target
April 26, 2017 / 4:15 PM / 4 months ago

Construction group St Gobain first quarter sales rise 8.8 percent, keeps financial target

PARIS (Reuters) - French construction materials group Saint Gobain (SGOB.PA) reported an 8.8 percent rise in first-quarter sales from a year ago and maintained its target for higher operating profits this year on a like-for-like basis.

St Gobain, which is looking to buy a controlling stake in Swiss construction chemicals maker Sika (SIK.S), said first-quarter sales rose to 9.937 billion euros (8.31 billion pounds), led by higher turnover in north America, Asia and western Europe.

According to a consensus compiled for Reuters by Inquiry Financial, the mean forecast for first-quarter sales stood at 9.895 billion euros.

Reporting by Sudip Kar-Gupta. Editing by Jane Merriman

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