Saint-Gobain Sees Rise in Sales for Third Quarter
Saint-Gobain saw sales increase a total of 19.6 percent, based on its third quarter 2022 report. Sales increased 16.6 percent in the nine-month period to Sept. 30.
Optimizing energy use during inflation
Due to inflation, Saint-Gobain expects energy and raw materials costs to increase by over $2.9 billion in 2022, year over year. This inflation concerns raw materials, freight and energy, especially in Europe.
For its main gas-consuming manufacturing businesses in Europe, the Group has made rapid progress in rolling out continuity plans and ensuring the flexibility of production to operate with less or alternative energy, including for its 13 float lines in Europe. For these lines, the company is putting in place production continuity plans. Four plants are already able to operate using fuel or diesel; four are currently being prepared for a possible conversion by the end of 2022 and two additional in 2023.
North America drives growth in the region
The Americas delivered 15.9 percent organic growth over the nine-month period and 14.2 percent in the third quarter, thanks to a good level of prices and despite the start of a slowdown in new construction due to a sharp rise in interest rates.