StockMarketWire.com - Compagnie de Saint-Gobain saw a strong upswing in performance in the first half with like-for-like sales up 4.1%.

Earnings before interest, tax, depreciation and amortisation rose by 3% to €1,997m and like-for-like operating income increased by 14.8% to €1,330m.

Chairman and chief executive Pierre-André de Chalendar said: "After a first quarter boosted by favourable weather conditions in Europe, the second quarter confirmed the slight uptrend in our markets first seen in second-half 2013 across all of our regions; only France remains down.

"Besides the continuing strong negative currency effect during this first half and the impact of the Verallia North America sale, these results − along with our ongoing tight rein on costs − support our objective of a clear like-for-like improvement in operating income for full-year 2014."






Story provided by StockMarketWire.com