Saint-Gobain says Q1 sales down on forex effect, volumes up
PARIS, April 27 (Reuters) - French building materials company Saint-Gobain reported a 1.9 percent drop in first-quarter sales to 9.136 billion euros ($10.34 billion) as a higher euro compared to Latin American currencies and the British pound weighed.
Striping out the foreign exchange effect and on a comparable basis, sales were up 1.8 percent in the first quarter from a year ago, Saint-Gobain said in a statement on Wednesday.
The company stuck to its full-year target of higher core profits on a comparable basis. ($1 = 0.8833 euros) (Reporting by Michel Rose; Editing by Ingrid Melander)
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