Saint Gobain: German float glass price stable in September
BUY, Fair Value EUR40 (+6%)
The September 2013 Float Glass Price Index in Germany was stable in vs. September 2012 and -0.4% vs. August 2013. The index showed a stabilisation yoy and sequentially due to a tougher comparison basis and in a still difficult market in volume terms. The stabilisation in price could represent a slight disappointment as investors were hoping for a price increase.
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