Report
Eric Lemarie

SAINT GOBAIN: Confidence in the future – roadshow feedback | NEUTRAL | EUR47

SAINT GOBAIN - NEUTRAL | EUR47(+45%)
Confidence in the future – roadshow feedback

Stronger pricing sufficient to recover cost inflation
Volatile volumes this year, due to one-offs and comp. basis
But comments on market trends have been generally positive
New organisation to be presented to the market on 26th Nov.
Underlyings
Compagnie de Saint-Gobain SA

Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Eric Lemarie

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