PARIS, April 29 (Reuters) - French construction materials
group Saint-Gobain's first-quarter sales rose 14.3% to
10.38 billion euros ($12.57 billion), buoyed in part by European
customers renovating properties during COVID-19 lockdowns, it
said on Thursday.
The company said it also benefited from stronger
construction activity in Asia and the Americas, where economies
are rebounding faster from pandemic-related slumps than Europe,
Saint-Gobain's biggest market.
Saint-Gobain confirmed its 2021 full-year outlook. It said
in February that for 2021 it was targeting a strong increase in
operating income, leading to a margin up more than 100 basis
points from the 7.7% reported in 2018.
($1 = 0.8255 euros)
(Reporting by Christian Lowe and Juliette Portala
Editing by David Goodman