StockMarketWire.com - Compagnie de Saint-Gobain's operating income rose to €1,368m in the first half - up 7.1% on a reported basis and 6.6% like-for-like - despite the negative impact of a cyber-attack in June, estimated at €65m.

The group saw organic growth of 3.5% with volumes up 1.7% despite a negative impact of around €220m (1.1%) from the 27 June cyber-attack.

The group said this was fully in line with its 13 July announcement.

Sales totaled €20,409m; EBITDA rose buy 5.8% to €2,071m and recurring net income was up 20.4% at €751m.

Chairman and chief executive Pierre-Andre de Chalendar said: "The first half of 2017 confirmed the encouraging trends seen in 2016, particularly in France.

"Excluding the one-off impact of the cyber-attack, the group grew at its fastest rate since the first half of 2011 translating into double-digit growth in operating income.

"The focus on sales prices paid off, allowing us to offset the rise in raw material and energy costs at Group level.

"Overall, the results were in line with our expectations, and we can therefore confirm with confidence our 2017 objectives."








At 8:20am: [LON:COD] Compagnie De StGobain share price was +0.74p at 47.43p



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