The 2020 Mid-Year Economic Update_long

Saint-Gobain Sales Down 3.3% in 3Q

Decline reflects weakness across several geographies.

European building materials supplier Saint-Gobain reported sales for the third quarter of €10.7 billion (US$13.5 billion), a decrease of 3.3 percent year-over-year. On an organic basis, sales declined 0.3 percent.

Building distribution segment sales fell 1.7 percent in the quarter to €4.9 billion (US$6.2 billion). Organically, sales for the segment declined 1.8 percent.

The Group’s organic growth in the third quarter reflects the contraction in certain economies in Western Europe, milder growth in Asia and emerging countries, and a downturn in the roofing business in the U.S.," CEO Pierre-André de Chalendar said. "The positive trends in the UK and Scandinavia, and in U.S. new-build and industrial markets, continued apace."

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.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.