St Gobain forecasts double-digit rise in operating profit

Published:  28 February, 2011

PARIS: Saint-Gobain has forecast a double-digit percentage rise in operating profit this year after profit rose 41% in 2010. The company said that it would increase capital expenditure by €500m this year and was targeting free cash flow of €1.3bn.


Operating income rose to €3.12bn last year from €2.22bn a year earlier, underpinned by cost savings, the company said in a statement on Thursday.

Saint-Gobain has seen a sustained recovery in its main markets except in the United States where the construction sector is still struggling.

Pierre-André de Chalendar, chairman and chief executive, Saint-Gobain, said: "In 2010, in a global economy still recovering from the crisis, our sales volumes got back on an upward trend and our priority focus on sales prices paid off. We delivered a sharp upswing in our results, driven in particular by the significant cost savings achieved over the past few years."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.