(CercleFinance.com) – Saint-Gobain publishes a turnover of 11.4 billion euros for the 1st quarter, down 5.8% like-for-like, affected by the decline in new construction in Europe but supported by growth in the Americas and Asia-Pacific.
On a real basis, turnover recorded a decline of 8.5%.
In this context, the group is highlighting significant strategic advances with the acquisitions of CSR Limited and Bailey, key players in sustainable and lightweight construction in the high-growth markets of Australia and Canada.
‘The processes prior to finalizing these operations are underway,’ Saint-Gobain reports.
In a geopolitical and macroeconomic environment that remains difficult, Saint-Gobain says it is targeting a double-digit operating margin in 2024, for the fourth consecutive year.
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