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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 2.64% | 77.70 | 77.60 | 77.98 | 78.38 | 75.94 | 76.30 | 1,131,997 | 16:40:00 |
From May 2019 to May 2024
By Matthew Dalton and Inti Landauro
PARIS--Construction materials firm Compagnie de Saint-Gobain SA Thursday said net income last year rose 1.2% to 1.31 billion euros ($1.38 billion), as the company used cost-cutting to fatten its margins.
Sales last year fell 1.3% to EUR39.09 billion from EUR39.6 billion, mainly because of the strength of the euro against the pound and Latin American currencies, the French company said.
Analysts polled by FactSet expected an average net profit of EUR1.17 billion out of sales of EUR39.07 billion.
Private-equity firm Apollo Global Management paid EUR2.95 billion for Verallia, Saint-Gobain's glass-bottle business, adding EUR811 million to Saint-Gobain's profits.
Write to Matthew Dalton at matthew.dalton@wsj.com and Inti Landauro at inti.andauro@wsj.com
(END) Dow Jones Newswires
February 23, 2017 13:38 ET (18:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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