Saint-Gobain raises prices in first quarter of 2023 to keep …

Saint-Gobain’s sales grew by 5% on a like-for-like basis by Euro12.4bn in the first quarter of 2023 from Euro12bn in the same quarter in 2022. In real-terms sales increased in each business segment apart from Northern Europe, where a “sharp” downturn in new construction was reported. Sales volumes fell by 6%, with volumes down in all business segments apart from High Performance Solutions. Particular sales growth was noted in Southern Europe – Middle East & Africa due to a resilient renovation market. Gypsum wallboard and insulation products were reported as driving sales in North America.