The 2020 Mid-Year Economic Update_long

Saint-Gobain Sales Stable in 1Q

Volumes for the European building materials supplier declined 1.5 percent year-over-year.

European building materials supplier Saint-Gobain reported sales for the first quarter of €9.9 billion (US$46 billion), down slightly from first quarter 2014. On a like-for-like basis, sales fell 1.2 percent.

Volumes were down 1.5 percent in the first quarter.

On a like-for-like basis, sales in North America declined 9.7 percent, due to declines in the roofing and ceramics businesses. Sales in France fell 4.7 percent on continued deterioration in the construction market. Other Western European countries posted 0.9 percent sales growth.

Asia and emerging countries saw sales increase 4 percent. Latin America and Eastern Europe continued to perform well, while Asia was down slightly due to Japan.

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