StockMarketWire.com - Compagnie St-Gobain said half-yearly operating income rose 8.3% amid upbeat performance in its core markets.

Operating income rose 8.2% to €1,638 million, up 8.2% and was up 8.3% like-for-like, with operating margins gaining 30 basis points to 7.6%.

The results were underpinned by 'excellent advances' in its transformation plan, which was delivering expected results faster than initially planned, the company said.

'Our portfolio optimization program and measures to unlock €250 million in additional cost savings are being put into place with agility and determination, as illustrated by the accelerated timetable, with the cost savings target for 2019 raised from over €50 million to more than €80 million,' the company said.

The company reiterated its objectives for full-year 2019/


At 9:19am: [LON:COD] Compagnie De StGobain share price was +0.71p at 36.08p



Story provided by StockMarketWire.com