Organic growth at 4.3% for the nine-month period. Objectives confirmed.
- Organic growth at 4.3% for the nine-month period and at 3.1% in Q3
- Negative currency impact of 3.6% over the nine-month period and of -1.9% in Q3; positive Group structure impact of 1.1% over the nine-month period and of +0.6% in Q3
- Acceleration in pricing, up 3.5% in Q3 (up 2.9% over the nine-month period) amid continued cost inflation
- Volumes slightly down by 0.4% in Q3 against a high comparison basis in Q3 2017
- 11.8 million shares bought back at the end of September 2018
- 2018 objectives confirmed
Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented:
“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. The industrial issues that had weighed on our profitability in the first half of the year are largely behind us.
Saint-Gobain is therefore confirming its objectives for full-year 2018 and for the second half expects the like-for-like increase in operating income to be clearly above the level achieved in the first half.
The strategic initiatives announced in July are moving forward; they will help accelerate the Group’s profitable growth momentum. This new organization will be outlined in a specific announcement on November 26th.”
