Saint-Gobain: 2010 Half-year Results

Date: 21 July 2010
Source: Saint-Gobain
Saint-Gobain’s consolidated sales for first-quarter 2010 came in at €8,737 million, versus €8,782 million in the first quarter of 2009, representing a decline of 0.5% on an actual structure basis and of 2.0% at constant exchange rates*.

Exchange rates accounted for a 1.5% rise in sales, powered chiefly by sharp gains in Scandinavian currencies and most emerging country currencies (particularly the Brazilian real) against the euro, offsetting the slide in the US dollar. Changes in Group structure also had a slightly positive impact, driving sales up 0.4%.
 
Like-for-like (comparable Group structure and exchange rates), consolidated sales were down 2.4%. Volumes slipped 1.7%, while sales prices edged down 0.7% compared to the strong 2.3% rise in first-quarter 2009.
 
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600450 Saint-Gobain: 2010 Half-year Results glassonweb.com

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