Morningstar

Saint-Gobain's Like-for-Like Sales Fall on North America Weakness

Provided by Dow Jones

By Cristina Gallardo 




  Compagnie de Saint-Gobain said third-quarter sales fell on a like-for-like basis due to a contraction in its North America business. 



  The French building-materials company said Thursday that sales for the third quarter amounted to 11.42 billion euros ($13.25 billion), down 0.2% on a like-for-like basis compared with the year prior. 



  North America's like-for-like sales fell 6.5% in the third quarter, due to softness in new construction amid still-high interest rates, and the lack of major weather events, which in previous years had boosted sales of roofing products, Saint-Gobain said. 



  Volumes were down 0.9% in the quarter, it added. 



  Saint-Gobain confirmed its 2025 outlook and said it expects its operating margin for the year to surpass 11%. 





  Write to Cristina Gallardo at cristina.gallardo@wsj.com 





  (END) Dow Jones Newswires



  October 30, 2025 13:48 ET (17:48 GMT)


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