The 2020 Mid-Year Economic Update_long

Saint-Gobain Sales Down 1.3% in 2Q

Year-to-date sales decrease 1.6 percent.

European building materials supplier Saint-Gobain reported sales for the second quarter of €10.4 billion (US$11.5 billion), a decrease of 1.3 percent year-over-year. On a like-for-like basis, sales increased 3.8 percent.

Building distribution segment sales decreased 1.8 percent to €4.9 billion (US$5.4 billion). Innovative materials sales were down 0.8 percent to €2.5 billion (US$2.8 billion). Construction products sales were down 1.1 percent to €3.2 billion (US$3.5 billion).

For the first six months, the company reported sales of €19.5 billion (US$21.6 billion), a decrease of 1.6 percent year-over-year. On a like-for-like basis, sales increased 2.9 percent. Profit more increased 13 percent to €624 million (US$691.5 million).

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.