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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cie de SaintGobain | EU:SGO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.84 | 6.88% | 75.24 | 73.20 | 75.30 | 75.26 | 72.46 | 72.50 | 1,714,163 | 16:40:00 |
From Apr 2019 to Apr 2024
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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