Revenue in line with consensus. Organic growth of 1.8%, volumes up 2.3%, prices down by 0.5%. Negative currency impact of 3%, notably due to the depreciation of LatAm currencies. Negative scope effect of 0.7%. Saint-Gobain describes the current pricing environment as deflationary. Guidance of a further like-for-like improvement in operating income confirmed. Improvement of trading in France. Emerging markets performed well.
02 May 2016
Saint-Gobain disappoints on the back of deflation
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Saint-Gobain disappoints on the back of deflation
Compagnie de Saint-Gobain SA (COD:LON) | 7,010 -7360.5 (-1.5%) | Mkt Cap: 35,502m
- Published:
02 May 2016 -
Author:
Felix Brunotte -
Pages:
3
Revenue in line with consensus. Organic growth of 1.8%, volumes up 2.3%, prices down by 0.5%. Negative currency impact of 3%, notably due to the depreciation of LatAm currencies. Negative scope effect of 0.7%. Saint-Gobain describes the current pricing environment as deflationary. Guidance of a further like-for-like improvement in operating income confirmed. Improvement of trading in France. Emerging markets performed well.