Saint Gobain: First quarter 2004 sales: up 5.1% on a like-for-like basis

Consolidated sales of the Saint-Gobain Group for the first quarter of 2004 amounted to €7,233 million, compared with €6,986 million for the same period in 2003, representing an increase of 3.5% on an actual structure basis, and 1.3% based on a comparable structure.

At constant exchange rates(*), sales were up 7.4% on an actual structure basis and 5.1% based on a comparable structure. This increase was achieved thanks to a significant 5.1% rise in sales volumes in most of the Group’s geographic areas, while sales prices held firm.

This performance demonstrates Saint-Gobain’s ability to reap the benefits of the economic recovery currently taking hold, particularly in industrial production and capital spending.

600450 Saint Gobain: First quarter 2004 sales: up 5.1% on a like-for-like basis glassonweb.com

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