Saint-Gobain 1Q Revenue Falls on Weaker Western European Demand
April 28 2015 - 12:57PM
Dow Jones News
By Noemie Bisserbe
PARIS--Compagnie de Saint-Gobain SA's (SGO.FR) revenue slid 0.2%
in the first-quarter, as strong-emerging market demand for building
materials failed to offset sluggish growth in Western Europe.
Saint-Gobain said Tuesday its sales fell to 9.86 billion euros
($10.72 billion) in the three months to March 31 from EUR9.87
billion in the year-earlier period. Discounting the effects of
foreign-exchange fluctuations and mergers and acquisitions, sales
fell 1.2%, the company said.
Analysts polled by FactSet expected sales of EUR9.89
billion.
Saint-Gobain said it still expected operating income this year
to be higher than in 2014, excluding the effects of currency
fluctuations.
Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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