Saint-Gobain upbeat for 2014
Building materials supplier Saint-Gobain said yesterday it expected a rebound in operating profit in 2014 after net income fell by 14.1 per cent last year. Europe’s biggest sector player is planning to make additional cost savings in 2014-2015 and is eyeing €4bn (£3.3bn) of acquisitions through 2018 as part of a strategy to focus on high-growth, high-margin products. “We expect a clear improvement in operating profit on a like-for-like basis,” said chief executive Pierre-Andre de Chalendar.