Saint-Gobain Reports First-Quarter 2024 Sales

Saint-Gobain recently disclosed its first-quarter sales for 2024, marking a slight dip in like-for-like sales by 5.8%, influenced by a downturn in new construction activities in Europe. Despite this, the company saw an uptrend in the Americas and Asia-Pacific, signaling a diverse geographic performance.

The total reported sales amounted to €11.4 billion, showing a negative currency impact of 0.5%. On the readjustment spectrum, the company made several strategic acquisitions, particularly in the construction chemicals and light construction segments, to boost its global standing.

While the European market showed a 10.3% decline due to reduced construction volumes, initiatives in North America led to a 12.2% increase, bolstered by the renovation market and recent acquisitions. The Asia-Pacific region experienced a notable rise, primarily driven by robust performance in India and sustained growth in Southeast Asia.

The company remains optimistic about maintaining a double-digit operating margin for the fourth consecutive year despite ongoing economic challenges. This confidence is anchored in their strategic allocations and operational resilience across various markets.