Saint-Gobain : First Quarter 2006 Sales

Up 27.7% on a Reported Basis Up 9.1% Like-for-Like Consolidated sales for the Saint-Gobain Group in the first quarter of 2006 came in at EUR9,745 million, compared with EUR7,633 million for the same period in 2005, representing a rise of 27.7% on an actual structure basis, and 24.1% at constant exchange rates(*).The contribution of the Group's acquisitions, net of disposals, accounts for a rise of 15.2% in Group sales.

British Plaster Board (BPB), which has been included in the Group's scope of consolidation since December 1, 2005, recorded sales of EUR956 million over the first quarter.

Like-for-like sales advanced by EUR754 million, i.e. 9.1%, including BPB's organic growth of 13.7%. Excluding BPB, the Group's organic growth stood at 8.6%. Sales volumes rose by 6.5%, and sales prices by 2.6%.

Overall, all of the Group's sectors and businesses saw significant advances in sales on a like-for-like basis. Growth is particularly strong in construction-related businesses (especially the Construction Products and Building Distribution sectors), which continued to reap the rewards of buoyant demand in the United States and Europe (except Germany). The Gypsum (BPB) and Insulation divisions posted organic growth of 13.7% and 14.6%, respectively, whilst sales in the Pipe Sector advanced 23.6% like-for-like, on the back of a significant upturn in export sales volumes.

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600450 Saint-Gobain : First Quarter 2006 Sales glassonweb.com
Date: 4 May 2006
Source: Yahoo

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