StockMarketWire.com - Compagnie de Saint-Gobain's like-for-like sales rose by 7.6% in the first quarter, driven by an improvement in volumes (up 6.0%) in all business sectors and regions and supported by a favourable calendar impact of around 3%.

The group said prices continued their rise from the second half of last year, up 1.6% over the quarter in a more inflationary cost environment.

It said that all of its regions were able to report a positive price impact, including France and North America.

On a reported basis, sales came in at €9,937m.

The currency impact was slightly positive, at 0.4%, mainly due to the depreciation of the euro against the Brazilian real and the US dollar, partly offset by the fall in sterling.

Chairman and chief executive Pierre-Andre de Chalendar said: "The first quarter saw robust trading.

"The good momentum in sales volumes observed in 2016 continued at the start of the year in all business sectors and regions.

"France benefited from the recovery in new-build activity, while other Western European countries delivered further growth.

"North America and emerging markets had a good start to the year.

"The group continued to pursue its priorities, focusing particularly on sales prices amid a more inflationary backdrop.

"We confirm our target of a further like-for-like increase in operating income for the full year 2017."




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