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Saint-Gobain reports upswing in 2007

Post Time:Nov 12,2013Classify:Industry NewsView:29

Sales for French glassmaker Saint-Gobain increased 4.4 percent in 2007, with operating income rising 10.6 percent to $6 billion, according to a Jan. 24 company release. Net income increased 24.2 percent to $3 billion, excluding the price-fixing fine from the European Commission. Read an article about the fines here. The flat glass sector lead growth for the year in terms of sales, up 10.4 percent, and operating income, up 49.4 percent. Company officials attribute the sector’s strong performance on a booming architectural and automotive market in Europe and in emerging countries. Increased demand for value-added products also boosted sales. Geographically, total company sales dropped 14.7 percent in North America for 2007, but increased 16.6 percent in emerging countries and Asia, 3.2 percent in France, and 7.9 percent in other Western European countries, according to the release. Click here for the full earnings report.

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Source: http://www.glassmagazine.com/news-item/commercial/saint-gobain-reports-upswing-2007Author:

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