Saint-Gobain, the French construction materials group, reported a 6.4% fall in annual sales last week, as strong currency effects and weak volumes weighed on its 2023 annual results, during its 2023 fourth-quarter earnings call with reporters last Thursday.
The company posted annual sales of €47.94 billion ($51.77 billion), compared with €51.2 billion in 2022. In a company-provided poll, Reuters reported that analysts expected sales to drop 6.1% to €48.08 billion.