Auto glass supplier Saint-Gobain booked growth of 2.6% (6.8% on like-for-like basis) in sales to EUR9.87bn (US$13.63bn) in the first quarter of 2014.
It said there was “ongoing gradual improvement in our western European markets except in France; continued vigorous momentum in Asia and emerging countries. Markets in North America are robust but were affected by the harsh winter weather.
Go deeper with GlobalData
Chairman and CEO Pierre-André de Chalendar said: “Good first-quarter trading reflects favourable trends in our markets as well as the positive weather impact in Europe. In view of this and thanks to the roll-out of our action plan priorities, we can confirm our objective of a clear like-for-like improvement in operating income.”
The supplier expects the upward trend first seen in the second half of 2013 to continue throughout 2014 with gradual improvement in western Europe, after a first quarter boosted by very favourable weather conditions, and led the UK and Germany.
The group expects to increase prices amid low raw material and energy cost inflation rises and achieve cost cutting for additional savings of EUR450m.
Operating income should be higher this year as a result.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
