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Construction group St Gobain Q1 sales rise 8.8 pct, keeps financial target

PARIS, April 26 French construction materials group Saint Gobain reported an 8.8 percent rise in first-quarter sales from a year ago and maintained its target for higher operating profits this year on a like-for-like basis.

St Gobain, which is looking to buy a controlling stake in Swiss construction chemicals maker Sika, said first-quarter sales rose to 9.937 billion euros ($10.9 billion), led by higher turnover in north America, Asia and western Europe.

According to a consensus compiled for Reuters by Inquiry Financial, the mean forecast for first-quarter sales stood at 9.895 billion euros.

($1 = 0.9209 euros) (Reporting by Sudip Kar-Gupta. Editing by Jane Merriman)

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