Home » Europe Offsets Fall in Saint-Gobain U.S. Sales
Europe Offsets Fall in Saint-Gobain U.S. Sales
July 26, 2007
Saint-Gobain overall sales were up 6% in the first half of 2007 to US$29.8 billion (21.7 billion euros).   ; All the group's sectors saw a rise in sales, with organic growth overall at 6.9%.   ; Construction markets in Europe, bolstered by the impact of regulations promoting energy efficiency, offset the downturn in the U.S. housing market. Sales were strong in Asia and emerging countries (organic growth of 19%).   ; Construction Products posted a 4.1% organic growth rate. About three-fourths of sales in this sector come from Europe and emerging countries. Only a quarter is in the U.S.   ; The Building Distribution sector posted a 13.3% rise in sales, buoyed by acquisitions, and organic growth of 8.7%. Strong sales were seen in France, Scandinavia, and southern and central Europe, and improvements were seen in the UK.   ; Other sector results here.