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Construction group St Gobain eyes 4 percent growth in French market for 2017
October 4, 2017 / 1:25 PM / 15 days ago

Construction group St Gobain eyes 4 percent growth in French market for 2017

FILE PHOTO - The logo of the materials company Saint-Gobain is seen on the company tower at La Defense business and financial district in Courbevoie near Paris, France, March 2, 2016. REUTERS/Jacky Naegelen

PARIS (Reuters) - Building materials group Saint Gobain (SGOB.PA) is forecasting growth of around 4 percent in 2017 for the French construction products distribution market, said the head of that division for Saint Gobain.

“2017 is a year of growth throughout the year, and we think that this should continue into 2018, maybe at a slightly more moderate pace,” said St Gobain executive Patrice Richard.

In July, St Gobain posted higher half-year profits and maintained its financial targets.

Reporting by Gilles Guillaume; Editing by Sudip Kar-Gupta

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