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Saint-Gobain: half-year results

Saint-Gobain“s consolidated sales for first-quarter 2010 were EUR 8,737 million, compared to EUR 8,782 million in the first quarter of 2009, a 0.5% decline on an actual structure basis and 2.0% at co…

Saint-Gobain“s consolidated sales for first-quarter 2010 were EUR 8,737 million, compared to EUR 8,782 million in the first quarter of 2009, a 0.5% decline on an actual structure basis and 2.0% at constant exchange rates. Exchange rates accounted for a 1.5% rise in sales, powered chiefly by important gains in currencies in Scandinavian and emerging countries (particularly the Brazilian real) against the Euro, offsetting the slide of the US dollar. Changes in Group structure also caused a 0.4% increase in sales. Compared to the same period of 2009, consolidated sales decreased 2.4%; volumes dropped 1.7%; and sales prices saw a slight drop at 0.7% compared to the first-quarter 2009 rise of 2.3%.

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