Saint-Gobain: Sales for the First Nine Months of 2010

 +5.5% on a Reported Basis; +1.4% Like-for-Like Sales for Third-Quarter 2010: - +7.8% on a Reported Basis; +2.3% Like-for-LikeSaint-Gobain's consolidated sales for the first nine months of 2010 came in at EUR30,007 million, versus EUR28,435 million for the same year-ago period, representing a rise of 5.5% on an actual structure basis.

Currency fluctuations contributed significantly (3.8%) to sales growth, owing to the appreciation of Scandinavian currencies and the currencies of the Group's main emerging markets - especially the Brazilian real - against the euro. On a constant exchange rate basis*, sales therefore rose 1.7%.

Changes in Group structure had a slightly positive impact, representing 0.3% of sales growth over the period.

On a like-for-like basis (constant Group structure and exchange rates), consolidated sales climbed 1.4% over the nine months to September 30, 2010, including a positive 0.8% volume impact and a positive 0.6% price effect.

In the third quarter alone, consolidated sales surged 7.8% to EUR10,478 million from EUR9,720 million in the three months to September 30, 2009. Organic growth was 2.3% (reflecting a positive 0.7% volume impact and a positive 1.6% price effect). This followed organic growth of 3.9% in the second quarter, including a positive 3.1% volume impact (1.4% of which was attributable to a higher number of working days) and a positive 0.8% price effect, and negative organic growth of 2.4% in the first three months of the year (reflecting a negative 1.7% volume impact and a negative 0.7% price effect).

Based on a constant number of working days, this third-quarter trading performance confirms the upturn in sales volumes observed in the three months to June 30, 2010, despite a much tougher basis for comparison (sales volumes fell 12.9% in third-quarter 2009, versus a decline of 17.1% in the second quarter of that year).

The upward trend in sales prices - which also began in the second quarter - intensified in the three months to September 30, 2010, reflecting the price increases implemented in all of the Group's Business Sectors and divisions over the past few months.

Exchange rates for the first nine months of 2009.

Along the lines of the second quarter, the Group's organic growth in the three months to September 30, 2010 continued to be driven by the emerging countries and Asia region and by the Innovative Materials Sector, which both reported double-digit growth. The second-quarter recovery of Group businesses linked to European construction gathered pace, despite a tougher basis for comparison. In contrast, businesses related to North American construction markets were hit by the repercussions of over-optimistic expectations from distributors, whose restocking had inflated first-half figures. Household consumption remained stable over the period.

Read more.

600450 Saint-Gobain: Sales for the First Nine Months of 2010
Date: 26 October 2010

See more news about:

Others also read

Safti First, San Francisco, leading manufacturer of fire rated glass and framing solutions, is proud to announce the release of the mySAFTI app, an interactive design tool that takes the guesswork out of choosing the correct fire rated glass product.
We look forward to working with you in the New Year and assisting you in any way that we can to ensure the continual success of your business!Best wishes for a Happy Holiday Season and our sincere thanksfor your support and goodwill throughout the year!We will come back with fresh news on January 3, 2011.
Company signs an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia- based MAZDA Dealer Diamon-Fusion International, Inc. (DFI Nanotechnology), global developer and exclusive licensor of patented hydrophobic nanotechnologies, announced today it has signed an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia-based MAZDA dealer, according to Guillermo Seta, corporate vice president and executive director.
The National Fenestration Rating Council (NFRC) announced that Steve Johnson, John McFee, and Joe Jonely will serve as committee chairs for the ratings, accreditation and certification policy committees respectively.
The Middle East market is becoming a new and promising destination for local construction material producers to explore in the coming years.
Top Gear Live is a live arena show of the award winning TV program Top Gear. The live show features breath-taking stunts, remarkable special effects and epic driving sequences.

Add new comment