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Saint Gobain: FY earnings up 19.6% at 1,566 million euros

(CercleFinance.com) - Saint Gobain's 2017 turnover reached 40,810 million euros, up 4.
4% in actual terms (+4.7% in comparable terms).

Management said that organic growth was driven by both volumes (+2.7%) and prices (+2.0%), with growth at all divisions and in all geographic areas.

The group has exceeded its targets in terms of cost reductions, making 290 million euros in savings compared to 2016.

2017 net income (group share) came in at 1,566 million euros, up 19.5%.

Management said that in 2018, it seeks further growth in operating income at a comparable consolidation scope and exchange rates.

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