SGO Cie de SaintGobain

   By Donato Paolo Mancini 
 

French construction-materials producer Compagnie de Saint-Gobain S.A. (SGO.FR) on Thursday backed its outlook after its revenues grew on year.

Group revenue for the first nine months of the year were 31.13 billion euros ($35.55 billion) compared with EUR30.57 billion the year prior.

The company backed its outlook for the year, saying it expects a like-for-like increase in operating income, and that for the second half it expects the like-for-like increase to be clearly above the level achieved in the first half.

"Saint-Gobain continues along its growth trajectory despite a tough comparison basis in Q3 2017. Our focus on increasing prices - critical in an inflationary environment - continues to pay off," said Pierre-Andre de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain. "The industrial issues that had weighed on our profitability in the first half of the year are largely behind us."

Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com

(END) Dow Jones Newswires

October 25, 2018 12:18 ET (16:18 GMT)

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