Saint-Gobain Q1 sales beat forecasts, keeps outlook

Date: 3 May 2011
Source: www.reuters.com

Date: 3 May 2011

Saint-Gobain, the world's largest building materials company, reported a stronger-than-expected 12.2 percent rise in first-quarter sales on Thursday, helped by a recovering building sector in Europe and favourable weather conditions.

The company, which competes with Owens Illinois (OI.N) and CRH (CRH.I) of Ireland, kept its outlook for a double-digit percentage rise in operating profit this year and robust organic sales growth.

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