Saint-Gobain CEO: Worrying Drop In New Construction In Europe

Date: 5 December 2008

PARIS -(Dow Jones)- Construction materials group Compagnie de Saint-Gobain SA's (12500.FR) Chief Executive Pierre Andre Chalendar said Monday he has seen a "worrying" drop in new construction in Europe and expects the fourth quarter to be more difficult for the auto and construction sectors at home.

Speaking on BFM radio, Chalendar said the company fared better in France over the third quarter than in other countries but that the fourth quarter "will be more difficult for everything linked to the auto sector as automobile constructors reduce their production." He added that in the domestic construction sector, "we are starting to experience a real slowdown."

Read the full story.

600450

Easybourse.com

2008-12-05T12:00:00

Saint-Gobain CEO: Worrying Drop In New Construction In Europe glassonweb.com

See more news about:

Saint-Gobain Glass

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Saint-Gobain: First half 2024 results

Saint-Gobain has announced its first half 2024 results, showcasing a new record operating margin of 11.7%. The company has achieved significant milestones in its strategic repositioning, including three strategic acquisitions that add approximately €2bn to annual sales.