The Saint-Gobain Group delivered consolidated sales of €30,925 million during the first nine months of 2006, an increase of 20.1% on a reported basis and 19.1% at constant exchange rates (based on average exchange rates for the first nine months of 2005). Each of the group's five business sectors reported a notable advance in like-for-like sales over the first nine months of 2006. Businesses related to construction markets, in particular, continued to post overall healthy growth figures, boosted by the impact of new European regulations on energy efficiency in the building industry and by the upswing in Germany. In Europe, vigorous construction markets (new residential and commercial construction and renovation spending) balanced the impact of the slowdown in U.S. housing starts, which broadly evolved in line with the group's economic assumptions for full-year 2006.
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