Saint-Gobain posts strong annual results

PARIS — Saint-Gobain reported that net income for the fiscal year 2016 amounted to just over €1.3 billion, or €2.36 per share, compared to €1.29 billion in 2015. The French building materials conglomerate also saw EBITDA increase to almost €4 billion, from just over €3.8 billion the previous year. Sales however declined by 1.3% to €39.09 billion, compared to €39.6 billion.