Saint-Gobain: First Quarter 2007 Sales

Consolidated first-quarter sales for the Saint-Gobain Group came in at EUR10,447 million, compared with EUR9,745 million in the same year-ago period, representing a rise of 7.2% on an actual structure basis and 9.0% at constant exchange rates.

The perimeter evolution accounted for 1.0% of sales, with the contribution from bolt-on acquisitions (mainly in the Construction Products and Building Distribution sectors) being slightly above that from disposals (chiefly Synflex within the High-Performance Materials sector and Calmar within the Packaging sector).The currency effect had a  negative -1.8% impact, mainly as a result of the decline in the US dollar.

Like-for-like consolidated sales climbed 8.0%(*) or EUR772 million, with a strong growth coming both from volumes (+4.3%) and prices (+3.7%).

All of the Group's business sectors reported an increase in like-for-like sales.

Businesses related to the construction market in Europe delivered robust growth, with strong showings from most of Western Europe, notably Germany, Southern Europe (Spain and Italy), the Nordic countries and France. Emerging countries continued to turn in a very strong performance, especially Eastern Europe, where sales were boosted by particularly favorable weather conditions.

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