France: Saint-Gobain’s Interior Solutions division sales rose by 4.6% year-on-year to Euro6.88bn in 2017 from Euro6.58bn in 2016. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 3% to Euro953m form Euro982m. The group said that its division sales grew faster in the second half of the year, driven by growth in Asia and emerging countries. Volumes continued to pick up in Western Europe, especially in France. Trading in North America improved in the second half. Prices rose ‘significantly’, with an acceleration over the course of the year, but remained behind the ‘sharp’ increase in raw material and energy costs.
“All Business Sectors and regions contributed to this good set of results, especially France, which confirmed its recovery. In line with our focus on pricing in an environment where inflation is increasing once again, sales prices rose significantly, particularly in the second half of the year,” said Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain.