Saint-Gobain says it confirms profit growth target, positive dynamic on higher prices By Reuters


© Reuters. 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.

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