Saint-Gobain says it confirms profit growth target, positive dynamic on higher prices
2022.06.02 09:45
The Saint-Gobain logo is seen on the company headquarters building at the La Defense business district in Courbevoie, outside Paris, France, February 19, 2018. REUTERS/Gonzalo Fuentes/File Photo
PARIS (Reuters) – French construction material group Saint-Gobain, which came under pressure from investors to increase its profitability, on Thursday said the trends it saw since the start of 2022 confirmed its outlook of a good business dynamic.
The company said in a statement that growth was mainly carried by prices it reaches for its products.
“In this context, Saint-Gobain confirms that it is targeting a further increase in operating income in 2022 compared with 2021 at comparable exchange rates”, the company said in a statement.
