The Saint-Gobain Group - Sales for first nine months of 2008

Date: 31 October 2008
Source: Saint-Gobain Group
+2.5% ON A REPORTED BASIS +2.4% LIKE-FOR-LIKE The Saint-Gobain Group delivered consolidated sales of €33,435 million for the first nine months of 2008, versus €32,630 million for the same year-ago period, representing a rise of 2.5% on a reported basis and of 5.6% at constant exchange rates*.

Changes in the scope of consolidation over the first nine months of the year accounted for a 3.1% increase in sales, offset by a broadly equivalent negative exchange rate impact (3.0%) stemming from the decline in value of the US dollar and pound sterling.

On a like-for-like basis (constant Group structure and exchange rates*), the Group’s sales advanced €755 million over the nine-month period, or 2.4%, buoyed by a significant 3.3% rise in sales prices. Sales volumes fell back slightly by 0.9%. In the third quarter alone, the Group reported organic growth of 2.8% (including a positive 3.8% price impact and a negative 1.0% volume effect).

All of the Group’s business sectors saw a rise in like-for-like sales over the first nine months of 2008. Third-quarter figures for the residential construction market in the US benefited from a favorable basis for comparison and a momentary rebound in renovation businesses related to siding and roofing products. In western Europe, business tailed off in the third quarter with a deceleration in volumes in most countries and a recession taking hold and intensifying in Spain and the UK. Overall, demand related to industrial output and capital spending held firm at satisfactory levels in both Europe and the US.

Broadly speaking, demand across all of the Group’s businesses remained satisfactory in France (organic growth of 3.2%, boosted by sales price increases) and vigorous in emerging countries and Asia (up 11.4%).

(*) Based on average exchange rates for the first nine months of 2007.

For a copy of the full results please click here.

600450 The Saint-Gobain Group - Sales for first nine months of 2008 glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment