COURBEVOIE (dpa-AFX) - French building materials firm Saint-Gobain (CODGF.PK) Thursday said it continues to report another high operating performance level since the start of fiscal 2023. In the first half, the company expects a double-digit operating margin.
Further, the company further maintained its full-year outlook for operating margin between 9 percent and 11 percent, in line with the 'Grow & Impact' strategic plan target.
In its trading update, the company said it is confirming full-year outlook amid a moderate market slodown, which reflects a contrasting situation between a marked decline in new construction and good resilience overall in renovation.
The company plans to publish first-half results on July 26.
In Paris, Saint Gobain shares were trading at 56.27 euros, up 0.39 percent.
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