By William Horobin

 

PARIS--French building materials company Compagnie de Saint-Gobain (SGO.FR) confirmed its targets for 2016 Thursday, despite reporting a fall in revenue in the third quarter.

Revenue dropped to 9.76 billion euros ($10.64 billion) from EUR9.97 billion in the third quarter of 2015 on falls in currencies where Saint Gobain books sales and after the company sold some activities last year. On a like-for-like basis--stripping out disposals, acquisitions and currency swings--the company said revenue rose 2.1% in the third quarter.

The French company said sales volumes in Western Europe improved as its home market benefited from steady improvement in new-builds and the U.K. showed no signs of weakness in spite of the vote to leave the European Union.

Saint-Gobain said it still targets like-for-like growth in operating income in the second half of this year compared with the second half of 2015.

 

Write to William Horobin at william.horobin@wsj.com

 

(END) Dow Jones Newswires

October 27, 2016 12:44 ET (16:44 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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