Saint-Gobain recently released results for the third quarter of 2011. Consolidated sales growth for the first nine months of 2011 were €31,629 million (~$43,461 million), up 5.4% year-on-year compared to €30,007 million (~$41,232 million) in the nine months to September 30, 2010. In the third quarter, consolidated sales were €10,754 million (~$14,777 million), 2.6% higher than the €10,478 million (~$14,397 million) reported a year earlier.
Flat Glass posted 6.6% organic growth over the first nine months of the year (3.4% in the third quarter, after 5.8% in the second). Sales growth over the three months to September 30 was primarily due to sales volumes in Asia and emerging countries in both Construction and Automotive Glass markets, while sales volumes in western Europe remained stable. Compared to last year, sales prices increased for both commodity products (float glass) and processed products, albeit at a slower pace than in the first half.
“Overall, the group’s trading performance in the third quarter was in line with the three months to June 30, thanks mainly to upbeat trends in sales prices and continuing robust momentum in Asia and emerging countries, as well as in industrial markets,” said Pierre-Andre de Chalendar, chairman and CEO. “Residential construction and renovation markets in France, Germany and Scandinavia also continued to enjoy good growth in the third quarter, driven by energy-efficient habitat solutions, particularly in France.”
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