6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Saint-Gobain sales in the third quarter were €10.9 billion (US$14.1 billion), up 1.8 percent over the same period a year ago. On an organic basis, sales decreased 3.8 percent.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
For the first nine months, sales were €32.5 billion (US$42.1 billion), up 2.9 percent year over year. On an organic basis, sales decreased 1.8 percent.
“Saint-Gobain's trading performance in the third quarter confirms the general economic slowdown observed in Western Europe since May, as well as difficulties in the group’s main markets in Asia and emerging countries," CEO Pierre-André de Chalendar said. "In the US, exceptionally strong third-quarter 2011 comparatives (boosted by severe storms) significantly curtailed the positive impact of the ongoing improvement in residential construction in the quarter."
For the first nine months, sales in North America increased 13.5 percent. Sales in France grew 1.1 percent, while sales in the rest of Western Europe increased 0.3 percent. In emerging countries and Asia/Pacific, sales were up 0.9 percent.